After hitting the range bottom bitcoin looks to be heading higher once more. Altcoins are following suit.
Bitcoin bounce?
It is only a week since bitcoin made a new local high for this year and some of the altcoins made some excellent gains from the bottom. A week is a ridiculously short amount of time but it has to be remembered – this is crypto, and large moves up or down can often take place in days, hours, or even minutes.
Bitcoin did test the nerves at one point though. A wick on the daily time frame took the alpha cryptocurrency down to $29,600 at one point, but this touched a slightly upwards trendline which began on June 22, becoming the third touch of this particular support.
Now back over $30,000, the bulls are looking to drive bitcoin back to test the $31,000 to $32,000 major resistance once more. In order for the bull market to really be confirmed, this is the equivalent of the Pyrenees mountain range that must be crossed.
Altcoins bounce better
With bitcoin taking the in
We współpracy z: https://cryptodaily.co.uk/2023/07/crypto-beats-the-doldrums-and-trends-higher
