With the vast majority of altcoins having fallen, and with most still in the red on Thursday, Bitcoin (BTC) is continuing to stand strong, with the bulls managing to maintain a similar price for going on two weeks now.
Crypto market pullback
The crypto market has been suffering a pullback this week with many altcoins down 10%, and in some cases, more than 20%. As this dip has been taking place, Bitcoin (BTC) has fluctuated, never more than 1.5% to 2% above and below $118,000.
With Bitcoin holding firm, and momentum indicators resetting, $BTC could fly out of the blocks once the market begins to turn back up again.
$BTC continues to track sideways
Source: TradingView
The short-term time frame for the $BTC price shows that there is some difficulty deciding the pattern. Either the pattern is a triangle, revealed by the firm black lines, and the price is sliding down the upper trendline, or the pattern is enlarging and becoming a bigger triangle, as described by the lighte
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