These Altcoins are “Ready for Bullish Continuation” but Hurdles Remain

As read on NewsBTC, “Bitcoin is currently flashing some subtle signs of strength as the benchmark crypto pushes towards its resistance at $7,000, with this ongoing upswing providing most major altcoins with some much-needed strength.

“This has led one analyst to note that an aggregated index of some of the largest altcoins is signaling that bullish continuation is imminent, which means that Ethereum, XRP, and some other tokens could soon rally higher.

“There are some key hurdles that could stunt this growth, however, and this potential uptrend will likely hinge largely on whether or not Bitcoin is able to surmount the resistance it faces around its current price.

“Earlier this week the aggregated cryptocurrency market shows some intense signs of weakness, primarily rooted in the market-wide downtrend that resulted from Bitcoin’s swift rejection at $7,200 and subsequent decline to lows of $6,600.

“In the time following this event, however, BTC has been able to post a steady climb from these lows, generating an upwards tailwind that has allowed many altcoins to also climb higher…”

Read the full story at NewsBTC.