Bitcoin's Battle at $70K and the Impact on Altcoins
Crypto Market is at extreme bull run from the last 3 to 4 months.
The price of Bitcoin keep on Rising to reach, its all-time high $69,000 and even surpasses $74,000.
The month of April remains poor for the Bitcoin falling from $73K in early April to a low of $64400.
But again in the same month the price keeps on Rising again and reached $69,000 mark.
Crypto Market is confused itself to either go upside because of the halving event or downside because of the FUD people are spreading all around the market.
For the time being market is at range bound and at consolidation phase.
If I talk about altcoins they are are not moving in any direction because investors are avoiding to invest in the altcoins.
Investors are looking towards Bitcoin to maintain the price level of $70,000.
If Bitcoin managed to surpass $70K then surely investors will slowly move to altcoin which will bring all season.
So for the time being investors are having an eye on Bitcoin for the further movement.
Posted Using InLeo Alpha