DU09

BTC/USD - Bitcoin chasing ETH, can BTC catch it? :D

Panjang
BITSTAMP:BTCUSD   Bitcoin
Bitcoin has been lagging behind ETH that has just set another ATH today (see below my ETH idea).

Can BTC catch-up and set a new ATH like ETH or are we doomed to revisit lower levels?

The big question mark on my chart that you see there is at $58k. If BTC manages to pass this level I think BTC has a very good chance to do a new ATH and follow on the steps of ETH.

However, right now we're just under this resistance at $55k which we need to pass. I don't expect it to hold us down long, but the real test comes at $58k.

Overall, the market remains bullish, I mean, ETH setting a new ATH every day is a bullish market! Question is if BTC can recover this recent drop to follow-up.

My bias is bullish and this becomes ever stronger on BTC as long as we don't turn down again. The indicators, particularly Stoch RSI is also bullish which is a weak but good indicator of what is to come. Let's see.

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