Bitcoin Continues To Aim At $10375 (More Altcoins Updates)

27 ביולי 2020

Having another look at Bitcoin (BTCUSD), its price continues to aim higher.

Our next target is sitting at $10,375 based on Fib. proportions.

We have strongly bullish indicators and low volume as a continuation signal.

Seeing Bitcoin & Gold both rallying might be signal that the conventional markets are about to take a strong hit and people are jumping to these two "assets" as a safe haven.

Bitcoin going bullish at this stage is very healthy for the altcoins and altcoins market.

Even if Bitcoin runs strong and the altcoins start to retrace big, this is still good news as Bitcoin growing means new money entering the market.

With this bullish move, we are very likely to see the altcoins print a higher low once their retrace is complete.

The altcoins retracing/correcting is as normal as it gets.
The market moves in cycles, up and down, up and down...

That's why we always recommend securing profits on target by selling in portions... Enjoy.

Namaste.