Cryptocurrency
This Observation Suggests the Crypto Markets are About to See Massive Upside
As reported by NewsBTC, “The aggregated crypto market has been caught within a firm upwards tailwind that has resulted from Bitcoin’s rally up towards $10,000, with this bullishness allowing many major altcoins to post significant gains. “Analysts are now noting that the aggregated altcoin market has now broken above a key resistance level, leading many […]
As reported by NewsBTC, “The aggregated crypto market has been caught within a firm upwards tailwind that has resulted from Bitcoin’s rally up towards $10,000, with this bullishness allowing many major altcoins to post significant gains.
“Analysts are now noting that the aggregated altcoin market has now broken above a key resistance level, leading many to predict that the markets will soon see significantly further upside.
“It is clear that Bitcoin, as the benchmark cryptocurrency, has been firmly leading the markets, with most major altcoins closely tracking the cryptocurrency’s short-term trends throughout 2020.
“Bitcoin, which is currently trading up just under 1% at its current price of $9,740, is in the process of vying for a break above the heavy resistance that exists between $9,800 and $10,000…
“…In the near-term, it is highly likely that where major cryptos trend next will hinge on how Bitcoin responds to the heavy resistance it is currently pushing up against, with a break above $10,000 opening the gates for significantly further gains, while a firm rejection at this level could spell trouble for what comes next…”