Bitcoin (BTC) has been indecisive for quite some time now as bulls and bears both seem to have backed out of the fight. Meanwhile, coins like Ripple (XRP) and Stellar (XLM) have made impressive gains as investors have been waiting to jump on board at such low prices. This excitement has resulted in exuberant rallies over the last few days. Ripple (XRP) is up 6% in the last 24 hours whereas Stellar Lumens (XLM) is up twice the size at more than 10% in the last 24 hours! Coins like Stellar have seen rapid price boosts in the past few days as investors were seen very eager to pick up at the bottom. The price of Stellar (XLM particularly is up almost one third its value at ATH during early 2018. This is an interesting development when you realize that Bitcoin (BTC) is still not in the clear and things could take a turn for another short term fall in the coming days.
As always, we will see those spectacular gains reversed if BTC drops further, which seems very likely from the charts. Bitcoin (BTC) price is currently trading within a rising wedge. Strong bullish momentum is slowly fading in anticipation of another drop which could result in Bitcoin (BTC) falling out of the wedge to settle close to or below $6000.
Read detailed analysis here: cryptodaily.co.uk/20...p-stellar-xlm-gains/
As always, we will see those spectacular gains reversed if BTC drops further, which seems very likely from the charts. Bitcoin (BTC) price is currently trading within a rising wedge. Strong bullish momentum is slowly fading in anticipation of another drop which could result in Bitcoin (BTC) falling out of the wedge to settle close to or below $6000.
Read detailed analysis here: cryptodaily.co.uk/20...p-stellar-xlm-gains/