Bitcoin and altcoins are highly likely to be bullish again
Bitcoin's price action continues to be in a sideways and accumulation zone, now many are the conjectures that have been made about Bitcoin's next move and what will happen to the altcoins.
In this regard, for some experts it is highly likely that Bitcoin and altcoins will be bullish again on longer time frames, even for some traders they predict the best "altseason" since 2017.
In a recent article socialized by William Suberg, altcoins are poised for a boost with Tether's declining dominance, this if you consider that they "also performed well in after hours trading, with total market cap rising about 1% on the day"
According to the popular trader Skew, "The altcoins bounced very well but have yet to break the trend of establishing weekly highs around Monday or Tuesday", so the development of the price action in these first days of the last week of April will be decisive in the projection of the price action of alternative cryptocurrencies.
As far as Bitcoin is concerned, they have been drawing a very bullish price structure, as despite consolidating in a range still below the historical highs of the previous cycle, Bitcoin did not disappoint everyone as it has remained in a sideways and accumulation range.
SOURCES CONSULTED
Cointelegraph. Crypto trader sees best 'altseason' since 2017 as Bitcoin price cools. Link
OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: cointelegraph
The world of Crypto market is looking bullish back and I am so positive about that. We are about to go bullish