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During the last two weeks, Bitcoin retested the previous support of the summer's distribution zone. Last week, the 9.65% drop confirmed this as a failed retest, and the price continues to bleed downwards gradually.
Instead of dropping along with Bitcoin, the altcoin marketcap is continuing to hold steady around $80 billion...
Bitcoin's volume continues to taper off as the consolidation period continues. The descending triangle still has weeks to close, during which time we can expect to see traders continue to be chopped up in the consolidation.
Meanwhile, the altcoin marketcap saw a brief rally this past week, rising from approximately 80 bill...
After an indecisive July, bulls began pushing Bitcoin up for five consecutive days.
It's still unclear whether this is the move that will lead to a continuation of the bullish trend on a higher timeframe, but the price did break the pivot around $10,600 with no hesitation.
The altcoin marketcap has barely budged, ...
