Altcoins Bleed Out as Bitcoin Consolidates, But This Trend May Soon Shift

Spread the love

It has been a rough past few days for altcoins, with many posting capitulatory losses as Bitcoin continues struggling to garner any sustained upwards momentum that can send it past its $13,800 resistance.

Despite the lack of momentum seen by BTC, it remains incredibly strong from a technical perspective, and there’s no real justification for today’s Altcoin

‘ href=”https://www.newsbtc.com/dictionary/altcoin/”>Altcoin Selloff Could Provide Glorious Buy Opportunity

While speaking about the intensity of the recent Altcoin

‘ href=”https://www.newsbtc.com/dictionary/altcoin/”>altcoin market as of late, which means that an impulse higher for ETH could be what helps put an end to the ongoing altcoin bloodbath.

Featured image from Unsplash.
Pricing data from TradingView.