Bitcoin Aims At $50,814 Short-Term + Altcoins Update

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin Aims At $50,814 Short-Term + Altcoins Update

Not much has changed since the last analysis and the bears remain in full control of the BTCUSD 4H timeframe chart.

We are very likely to get a continuation of the short-term downtrend and see Bitcoin aiming at ~$50,000 soon. We can say it is likely to get there within 48 hours.

Altcoins Update

The Altcoins will continue to build up, speed up and grow.

Remember, all Altcoins minus the TOP ones (big market cap.) as these are either linked to Bitcoin or have their own unique cycle.

The rest of the Altcoins tend to move pretty similar with just a small time difference, some moving ahead of the others but all aiming at the same place.

Thank you for reading.

Stay tuned for more.


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