Bad news for altcoins 📉
🌀 $ETH /$BTC has broken below its 18-month ascending trendline and is now approaching its 8th consecutive weekly red-candle close
For altcoins to regain strength, this pair needs to bounce from here and show a sustained recovery. As long as it stays below the broken trendline, the broader altcoin market will likely remain weak against Bitcoin
$AGT
🌀 $ETH /$BTC has broken below its 18-month ascending trendline and is now approaching its 8th consecutive weekly red-candle close
For altcoins to regain strength, this pair needs to bounce from here and show a sustained recovery. As long as it stays below the broken trendline, the broader altcoin market will likely remain weak against Bitcoin
$AGT
