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A popular crypto analyst says the altcoin market may have a rocky ride ahead if Bitcoin continues to climb.
The Crypto Dog is telling his 143,000 followers that he expects Bitcoin’s bullish trend to continue, with turbulence hitting alternative crypto assets in the short term.
Meanwhile, Bitcoinist senior crypto analyst FilbFilb says BTC is set to post its third monthly bullish MACD cross in the coin’s history, a sign Bitcoin’s recent surge could continue into next year.
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“The last time that we saw a convergence on the monthly MACD like this, Bitcoin price $9232.72 +0.33% rose 5,400% over the following 600 days – from $355 to its ATH at $20,000.
If we take that percentage growth figure and apply it to Bitcoin’s current price at $9,350 (at the time of writing), it gives us an approximate peak of $52,000 around February 2021.”
Right now, Bitcoin is up 2.95% at $9,386 according to COIN360. Ethereum is up 0.20% at $268.19, XRP is down 1.0% at $0.4274 and Litecoin is down 3.17% at $134.61.
Technical analysts at large are looking for signs of a Bitcoin breakout as the leading cryptocurrency pushes toward resistance at $9,400.
Bitcoin
FXStreet – BTC/USD cautiously creeps above $9,300
NewsBTC – BTC likely to climb sharply higher once it clears $9,390 and $9,400
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Ethereum
Coinspeaker – Ethereum is ranging in the medium-term outlook
FXStreet – ETH/USD moving within bullish pennant pattern formation
XRP
NewsBTC – XRP price recovery facing key hurdles
CoinCodex – Bulls pushing to take charge of the market
Litecoin
Blockonomi – LTC rejected once more at $139 resistance
FXStreet – LTC/USD faces indecision amid market consolidation
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