The price of Bitcoin has at least temporarily bounced off the 20 day moving average. If the bounce continues slowly, and without Bitcoin going back into price discovery mode, then altcoins have a chance to rally. We will of course take this one day at a time as the price could always fall below. We know that it is within Bitcoin price bounces and before it goes back into price discovery mode, that altcoins tend to perform well. TA Video by Benjamin Cowen.
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