Bitcoin Moves Sideways, But Looks Set For A Moon Week

Bitcoin re-tested resistance on its way up to $60,000 and was pushed back to support.

Anonymous trader IncomeSharks has set support at $53,000 with $59,000 as an initial price target which BTC managed to reach.

Analyst Willy Woo shares the same thesis and predicts a migration of capital from altcoins into BTC soon.

Many investors wonder if BTC has reached a local top, as it did in January 2018 when a 3-year bear market began.

As seen above, in 2017 BTC had a parabolic run, and the number of coins held by short-term investors grew.

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins.

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