Bitcoin is rising, altcoins are bleeding.
Everyone is expecting altcoins season but Bitcoin may not stop here and alts can bleed more while Bitcoin gains more Dominance.
I was on Bitcoin after I saw a on , but luckily this pattern has found support in which is a very good sign for Bitcoin to see a daily denial. ( I will include this pattern in an update)
Lets look on the current chart.
Bitcoin has found solid support around 9,800$ with strong moves from there. After it has managed to broke downtrend, strong level of 10,640$ was broken and immediately support was found on this level which is a very good sign.
After that another strong level of 11,130$ was broken and immediately support was found here too.
But, the price of Bitcoin have met with the overall downtrend and this trend really shown his strength. Bitcoin was fighting this trend for almost a day, hovering between 11,130 and 11,500 levels.
After this downtrend was broken, support was found at this strong downtrend and another shot was led the price of Bitcoin straight to 12,000$ per Bitcoin!
Currently Bitcoin is trying to break his current downtrend. I am amazed by the candle which I point out in the chart, such a test of with a quick bounce and another testing of downtrend has begun.
So what more to say. Bitcoin is again showing some moves and may be ready to go for 12,420$ and even higher, I will update you about Bitcoin progress via updates.
Thanks for your time and good luck trading!