Category : Analysis
Bitcoin price fell back into the descending triangle but this dip may attract buyers to altcoins and DeFi tokens in the short term.
Select altcoins are rallying to new all-time highs while Bitcoin remains pinned below $33,000.
Polkadot continues to overtake top projects in market capitalization and looks set to solidify fourth spot on the market cap rankings.
Altcoins rallied strongly over the past week, but Bitcoin’s current consolidation could be a sign that the trend may reverse soon.
Bitcoin may be in the last leg of its parabolic run and if the rally sustains, select altcoins may surprise to the upside.