Bitcoin Price News: The Hidden Number Deciding If Altcoins Rally Next
Bitcoin is trying to stay above the $83,000 level, and according to a technical analyst tracking the chart, this is actually working out well for many altcoins. Almost every day right now, a different altcoin is breaking out. Today saw a few small pullbacks, but nothing serious. As long as Bitcoin holds above this level, that trend could keep going.
Bitcoin’s Bigger Picture Still Looks Strong
Looking at the bigger trend since Bitcoin’s low back in July, the analyst says Bitcoin has already met the basic requirements of a strong upward move, meaning price has been making higher highs and higher lows. If this move stretches a bit further, he’s watching three resistance levels above, $88,600, $92,200, and $97,637.
But he was clear about one important thing. If Bitcoin breaks clearly below the $83,000 area, not just a brief dip, but a real, confirmed break, that would shift attention down to the next support zone instead.😊😊❤️❤️
Bitcoin is trying to stay above the $83,000 level, and according to a technical analyst tracking the chart, this is actually working out well for many altcoins. Almost every day right now, a different altcoin is breaking out. Today saw a few small pullbacks, but nothing serious. As long as Bitcoin holds above this level, that trend could keep going.
Bitcoin’s Bigger Picture Still Looks Strong
Looking at the bigger trend since Bitcoin’s low back in July, the analyst says Bitcoin has already met the basic requirements of a strong upward move, meaning price has been making higher highs and higher lows. If this move stretches a bit further, he’s watching three resistance levels above, $88,600, $92,200, and $97,637.
But he was clear about one important thing. If Bitcoin breaks clearly below the $83,000 area, not just a brief dip, but a real, confirmed break, that would shift attention down to the next support zone instead.😊😊❤️❤️
