Cryptocurrency
A Bitcoin Breakdown Could Be Devastating for These Two Major Altcoins
As reported on NewsBTC, “Throughout the course of the crypto market’s firm 2020 uptrend, Bitcoin’s steady climb has allowed most major altcoins to post decent gains, although none have come close to competing with those seen by Chainlink and Tezos. “These two cryptocurrencies have been able to set fresh all-time highs over the past couple […]
As reported on NewsBTC, “Throughout the course of the crypto market’s firm 2020 uptrend, Bitcoin’s steady climb has allowed most major altcoins to post decent gains, although none have come close to competing with those seen by Chainlink and Tezos.
“These two cryptocurrencies have been able to set fresh all-time highs over the past couple of weeks, and although their uptrends have slowed down as of late, they still remain overwhelmingly bullish.
“One analyst, however, is noting that these two cryptocurrencies could be subjected to brutal losses if Bitcoin sees a breakdown from its current price levels.
“Bitcoin has once again found itself caught within a bout of sideways trading around $9,100, with its recent break above the heavy resistance at $8,900 not being enough to catalyze another significant uptrend.