RATE Group | Intense Altcoin Sell-Off May Mean a Bitcoin Pullback is Imminent
73584
post-template-default,single,single-post,postid-73584,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Intense Altcoin Sell-Off May Mean a Bitcoin Pullback is Imminent

27 Dec Intense Altcoin Sell-Off May Mean a Bitcoin Pullback is Imminent

Posted at 23:31h in Bitcoin News by

[ad_1]

The cryptocurrency markets have been struggling to garner any decisive momentum in one direction or another over a shorter time frame, with Bitcoin (BTC) leading most major altcoins to range sideways.

Over the past 24-hours, however, a few notable altcoins incurred a massive amount of selling pressure that was anomalous, leading one analyst to believe that they could be front running the next major BTC movement, and it wouldn’t be the first time this has happened.

Bitcoin Stuck in Firm Bout of Sideways Trading, But This May Soon Change

At the time of writing, Bitcoin is trading up marginally at its current price of $7,300, which is around where it has been trading at for the past week.

The crypto has, on multiple occasions since its surge from lows of $6,400, attempted to rally up to its resistance that exists within the upper-$7,000 region, although each of these movements have resulted in strong and swift rejections that have led BTC back to its current levels.

Naturally,…

[ad_2]

Source link

Tags:
, , , , ,