The cryptocurrency market is seeing a lot of positive movement, with Bitcoin holding steady below the resistance level and altcoins taking advantage of the momentum to gain ground.
Bitcoin is showing impressive resistance to downward pressure, maintaining a price around $35,400 despite rejections at the $36,000 level. This strong price action suggests a potential upward trend.
Ethereum’s Steady Progress
Ethereum is steadily consolidating its position, aiming to strengthen its position above the important $1,880 trend line in comparison to Bitcoin.
Altcoins on the Rise
The total market cap of altcoins is approaching a crucial trend resistance, and a breakthrough could push their value to new heights. The performance of altcoins is closely linked to Ethereum, with its success being crucial for a decrease in Bitcoin’s market dominance and a subsequent rally in altcoins.