Cryptocurrency Technical Analysis: When Bullish Is Bearish

– Sharp moves in the altcoin markets have triggered interest in Bitcoin.

– Bitcoin has moved higher – at the expense of the broader crypto market.

Bullish can be Bearish

The moves in the altcoin market over the past week have been dominant. At the time of writing this article, the altcoin market cap is up +3.87%, while the total market cap is up +4.80%. This may sound like a positive signal – but it is a dangerous one, and one that we should keep a very close eye on. Ever since Bitcoin’s bear market low back in December of 2018, Bitcoin has had some tremendous growth – but the majority of the altcoin market has continued to remain in a bear market. Some of the most significant gains that Bitcoin has experienced since breaking out of the 2018 bear market have been at the expense of the broader altcoin market. In an ideal world, we would see the entire market appreciate –…