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Bitcoin Sideways W/ Bullish Tendencies Continues | More Altcoins

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin ( BTCUSD ) continues with its sideways consolidation as you can see on the chart above. The trading volume is really low so a strong move can happen anytime...

On top of the sideways action, Bitcoin is leaning more towards the bulls... Why?

Multiple of our signals remain bullish , for example, the RSI is above 50 and BTCUSD is trading above EMA10, but the trading volume is so low that a breakdown is as likely as a breakout. Anything can happen with this low volume .

We keep the same view as our chart for Bitcoin vs Tether ( BTCUSDT ), you can see it below:

As long as Bitcoin remains within the light blue zone, additional sideways action is expected.

The altcoins continue to grow, hitting higher highs and higher lows... Bitcoin is doing strong consolidation, we remain bullish until the signals turn.

Conditions for change
If Bitcoin moves lower and closes below EMA10 ($9213) or EMA50 ($9107), its bearish potential is activated and we look for the next support.

In the meantime, we are on the bull's side and continue to enjoy the altcoins growth.

What's your take on where Bitcoin is headed?

Share your thoughts with us in the comments section below.

Namaste.
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