Crypto Daily – (BTC) had a positive weekly close, holding above $63,000, and boding well for the coming week. That said, Monday finds the $BTC price flat, while the rest of the crypto market is generally up. Is money going into the altcoins as speculators bet on an eventual big price rise for $BTC?
All eyes are normally on Bitcoin, but for the time being at least, speculators are starting to place more bets on the altcoins. If previous bull markets are anything to go by, once Bitcoin has its big price surges, but then starts to lose steam, this is normally the time when the altcoins can start to outperform, and start their own huge expansion.
$BTC currently flat, but local high in sight
As things stand, although Bitcoin is slightly down, and is still working out its latest small corrective phase, it is generally looking very positive. Currently above $63,500, the price is not far below what would be an extremely important higher high at $65,050.
In the…
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