Altcoin Index Consolidates as Bitcoin Makes New Highs

Bitcoin has established hew highs, and although it seems like it is facing some resistance, appears to be poised to pounce higher. The Altcoin index has picked up, as anticipated, but is consolidating into a triangle pattern and appears also to be ready for another breakout. Ethereum and Litecoin have broken out and are facing some resistance at the upper Bollinger Band. Currently the Crypto Spread Index is hovering around zero indicating both are providing good returns at this point. Consider buying on dips in both Bitcoin and Altcoin.

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