Bitcoin Crushes the Altcoin Index... Again
Although Bitcoin has broken out yet again with strong momentum, the Altcoin index has pulled back slightly and appears to be forming a bull wedge pattern. Altcoins are still in bull-mode as even with this slight pullback we retrain higher lows. The Kovach Crypto Spread Indicator has confirmed that Bitcoin has solidly regained its lead against the Altcoins, indicating that some Altcoins may be more competitively priced at this point. Consider adding to positions in Altcoins that are pulling back or consolidating such as ETH, ETC, or LTC.
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