The altcoins had a strong shake out when Bitcoin moved but now they are recovering and we see both, strong altcoins and also a strong Bitcoin.
This is what I shared a few weeks ago in preparation for something like we saw recently...
❗️❗️❗️Shared back 5th July...
"The Altcoins market has been growing a lot lately so many people can be expecting a drop ... But the market is a lot bigger than before and even though many altcoins are growing, there are still more that are trading near all-time lows and are waiting for their turn to move up.
If Bitcoin prints a very strong drop, the entire market will go red for a few days... As soon as the panic is gone, the altcoins will bounce back up with even more strength."
The bulls are now aiming for $13,500 or higher.
We have really strong support now in the $9500 - $10500 price range... So it is also possible to see Bitcoin consolidate before the next move.
Regardless of what happens, the market is now looking really good and strong.
Conditons for change We are looking pretty good for both altcoins and Bitcoin while above $9500 (EMA50). Even on a drop lower, we are still looking good.
Remember to always have a plan before you trade. Do your own research and secure profits as prices are moving higher (especially for your altcoins trades).
Feel free to leave a comment if you have any questions.