The strong recovery in Bitcoin and altcoins from their weekend lows suggests that the traders are aggressively buying each dip.
Bitcoin price corrected sharply after reaching $12,000 but the strong bounce from BTC and altcoins shows bulls are intent on pushing prices higher.
Bitcoin finally broke through the $11.2K resistance and Ethereum’s continued strength is likely to pull several altcoin prices higher.
Bitcoin and most altcoins could consolidate for a couple of days before resuming their uptrend.
Bitcoin has made a decisive move above $10,500, which is likely to boost sentiment and pull several altcoins higher.
Ethereum price looks to make a new 2020 high as Bitcoin bulls fight to hold BTC price above $9,600.
Many altcoins could pick up momentum If Bitcoin and Ethereum break above key resistance levels in the coming days.
Financial regulators in the US approved shares of Grayscale Investments’ Bitcoin Cash and Litecoin trusts for trading on OTC Markets.
Most major altcoins have witnessed profit booking as traders become cautious about the future of Bitcoin’s price.
Bitcoin and a few altcoins are showing signs of weakness, which could result in a minor dip in the next few days.