No need to panic when we face this kind of #Corrections...
$58,000 flipping into support is critical for more upside
I personally believe that, more #Companies and #Whales are trying to hold BTC but they are unable to find enough amount...
So what is the best way to find more? Lowering the price
For those that are new, be careful being to deep into alts when $BTC is on the brink of price discovery. Profits from alts tend to flow back into Bitcoin. This doesn't mean the USD price won't go up, just that there's a solid chance it won't go up nearly as much.
In the short term, Bitcoin would likely outperform altcoins if it continues to rally, and the momentum would only shift to altcoins once BTC consolidates as it finds a new range after breaking new highs.
#Cointelegraph
$58,000 flipping into support is critical for more upside
I personally believe that, more #Companies and #Whales are trying to hold BTC but they are unable to find enough amount...
So what is the best way to find more? Lowering the price
For those that are new, be careful being to deep into alts when $BTC is on the brink of price discovery. Profits from alts tend to flow back into Bitcoin. This doesn't mean the USD price won't go up, just that there's a solid chance it won't go up nearly as much.
In the short term, Bitcoin would likely outperform altcoins if it continues to rally, and the momentum would only shift to altcoins once BTC consolidates as it finds a new range after breaking new highs.
#Cointelegraph