Bitcoin (BTC) Likely To Remain Sluggish As Altcoins Rally

Source: Digital Money Times, originally published on .

http://digitalmoneytimes.com/bitcoin-btc-likely-to-remain-sluggish-as-altcoins-rally/.

Bitcoin (BTC) Likely To Remain Sluggish As Altcoins Rally

Bitcoin (BTC) has given us some signs of hope the last few days but we have seen comparatively more energy in altcoins. This is because as historical cycles indicate, we are at the brink of an altcoin rally. The daily chart above for BTC/USD shows that Bitcoin (BTC) is all set for a break out but temporarily faces a 21 Day EMA resistance. It is unlikely to be broken over the weekend as volume will be low and market makers might want to have one last go at accumulation before letting Bitcoin (BTC) loose to begin a new trend.

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