As the weekend started, the Bitcoin price has again tested the $8,000 level and managed to take it. At press time, BTC is trading at $8,009, showing a less than 50-percent rise. The major cryptocurrency is striving to keep momentum and move further North.
The top performing coin among the top 10 is Litecoin, it has risen slightly under 3 percent.
As for the top 20, the highest gainer here is Ethereum Classic (+7.51 percent).
Sunday will give an understanding of further BTC price movement
As a crypto trader and technical analyst @CryptoMichNL shows in his Twitter post, on Sunday evening the weekly candle will close for BTC.
Then the market will see a clearer state of the things and realize whether a further rise or a decline should be expected.
$BTC #BITCOIN
— Crypto Michaël (@CryptoMichNL) June 8, 2019
Nicely stuck in between the range here, so the game is still the same -> altcoins.
Upper range band: $8,200 area
Lower range band: $7,500 area
I don't see 'crashes' like 2018 happening, as alts/btc are relatively stable when $BTC drops.
This is something new. pic.twitter.com/ImywdlS1Rg
Dan Burgin
Vladislav Sopov
U.Today Editorial Team