Is Bitcoin RED? What Will Happen Next? Altcoins Update!

3 Jun 2020

We have the same chart for Bitcoin (BTCUSD) as we've been seeing before...
After yesterday's candle close our view remains the same.

The "strong resistance", marked orange on this chart, produced a strong rejection this time and is the level that needs to be conquered if Bitcoin is to go higher...

• Below this level, the $10,000 / $10,500 price range, we remain bearish on Bitcoin. Meaning, we believe that prices will move lower (current view).
• Above this level, we go bullish (less probable).

We are still bearish on Bitcoin and bullish on Altcoins (referring to all altcoins minus TOP10/these are looked at separately because of their big size).


Altcoins Market Update

Many of the altcoins that are moving strongly are showing signals of only "the beginning"... To say that there is still a lot of potential/room left available for growth.

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😊 Namaste.