Friday 27 November 2020

If Bitcoin hesitates in bullish waters - are altcoins set to rally in December?

If Bitcoin stabilizes well above the bull market support band (the 20 week SMA and 21 week EMA), then we could be setting up for a nice December in terms of altcoin price appreciation against Bitcoin. In this video we discuss moves that Ethereum, Chainlink, and Cardano could make against Bitcoin, if in fact Bitcoin can hold the current levels. We take a look at what happened at the peak of the last cryptocurrency market cycle to try to better understand intuitively why Bitcoin holding this level could be the catalyst altcoins need to make moves against Bitcoin. TA Video by Benjamin Cowen.