Rakesh has over 15 years of experience trading various asset classes as a full-time technical analysis trader. He was first introduced to cryptocurrency in 2016 and was immediately hooked. Aside from analyzing charts, Rakesh enjoys going to the gym and lifting weights.
Crypto traders are struggling to hold Bitcoin price above $68,000, and altcoins are suffering as a result of BTC's weakness.Bitcoin is showing the first signs of profit booking, but the bears are struggling to hold the price below $69,000, indicating buying at lower levels.The crypto market rally is starting to show signs of exhaustion, but Bitcoin and altcoin charts highlight traders' desire to continue buying each dip.
Bitcoin price struggles to find support at the $52,000 level, but the next phase of consolidation could be beneficial to altcoins.Bitcoin price continues to march higher, fueled by robust demand from the spot Bitcoin ETFs. Which altcoins could follow BTC's bullish price action?The rally in the S&P 500 and strong inflows into the Bitcoin ETFs appear to be fueling BTC's price surge above $50,300.
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