Neutral news for Bitcoin, good news for Alts
On 4H chart, BTC recently crossed 200 SMA (Simple Moving Average) and holding above that levels, also trendline on log chart is broken.
On the chart you can see support and resistance zones, we expect sideways action between 8350 & 9230 levels, a level around 9200$ expected to act as heavy resistance that unlikely gets broken easily before reaching new heights.
Altcoins, when Bitcoin trades sideways, tends to go up, so expect more gains in Alts than Bitcoin in short-term.
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On the chart you can see support and resistance zones, we expect sideways action between 8350 & 9230 levels, a level around 9200$ expected to act as heavy resistance that unlikely gets broken easily before reaching new heights.
Altcoins, when Bitcoin trades sideways, tends to go up, so expect more gains in Alts than Bitcoin in short-term.
If you find this idea helpful, leave a like, comment and follow us on Tradingview & Telegram!
Any questions? Want to get these ideas first? Feel free to DM.
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