BTC31011

07/18 07:36

Does ETH/BTC Bullishness Mean the End of Bitcoin R

Does ETH/BTC Bullishness Mean the End of Bitcoin Rally?

While the ETH/BTC weekly chart is showing signs of an uptrend, BTC.D on the weekly chart has not broken out of its bullish trend. It made a higher low at 62.4% but has not yet shown a decisive structural breakout.

That breakout will happen once ETH/BTC continues to rise, analyst Hyland argues.

AMBCrypto agrees, but the key factor for traders and investors to consider is timing. These changes will take time and do not automatically mean that Bitcoin’s rally has stopped.

It is possible that even after ETH/BTC breaks out, there will be weeks where it pulls back or faces periods of consolidation.

That could be when Bitcoin will surge higher.  So while BTC.D's peak was great news for altcoin investors, it doesn't mean Bitcoin holders should sell off their holdings.

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