Bitcoin has returned to at least some level of bullishness - however, what are the implications for altcoins? Of course altcoin mania against Bitcoin would depend on Bitcoin volatility calming down at these levels. If Bitcoin decides to push past $42k and put in new ATHs, then most alt will likely bleed against BTC because they will likely not be able to keep up. However, if Bitcoin consolidates below $42k, giving people some uncertainty on which direction it is headed, and making people believe that the move is still at least a few days off, the altcoin market will be catalyzed to make significant moves against USD and against Bitcoin. TA Video by Benjamin Cowen.
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