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Bitcoin Price Tightens as Traders Prepare for a Second Shot at $9.2K

Published 01/22/2020, 01:42 AM
Updated 01/22/2020, 06:23 AM
Bitcoin Price Tightens as Traders Prepare for a Second Shot at $9.2K
ETH/BTC
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BTC/USD
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After a strong two week performance that saw Bitcoin (BTC) price rise from $7,700 to $9,200, the top crypto asset appears to be consolidating before making another attempt at $9,200. As this process takes place and Bitcoin’s dominance rate dropped slightly, many altcoins rallied with double-digit gains which brought many to test or even push above their 2-year long descending trendlines.

Most notably, the ETH/BTC pair pushed above its long-term downtrend, an occurrence covered in great detail by Cointelegraph contributor Michaël van de Poppe.

Continue Reading on Coin Telegraph

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