Bitcoin is showing signs of profit booking, resulting in a slight downturn in altcoin prices.
Bitcoin hit a new 2020 high and altcoins rallied as PayPal announced that it will support crypto payments.
Bitcoin’s price tested $11,800 Monday as investors continue to put BTC into new DeFi protocols.
Bitcoin price may rise to a new 52-week high if it can break above the ascending channel and this move could ignite the altcoins.
Bitcoin’s price is rebounding after an OKex-related dip. Meanwhile, ether options traders have a bearish “beacon chain” attitude.
Bitcoin and altcoins must rebound off their immediate support levels to recapture bullish momentum and resume the uptrend.
Bitcoin’s price is trending up while ether futures open interest has stopped growing in the past month.
Bitcoin and most major altcoins are sustaining above their immediate support levels, increasing the possibility that the uptrend will resume.
Bitcoin price jumped after a sleepy weekend while ether options interest has been weaker than the past month.
Bitcoin and select altcoins have broken out of their bullish setups, hinting that further upside could occur through the weekend.