Bitcoin Reaches a Critical Junction; What Analysts are Watching For

It has been a wild past few weeks for Bitcoin and the crypto market, with the benchmark cryptocurrency posting massive gains while the rest of the market also shows continuous signs of strength Altcoins are beginning to take the spotlight as BTC’s rally begins stalling, with the selling pressure at $19,000 slowing its ascent while Ethereum and smaller altcoins all rocket higher Where BTC trends in the near-term will depend entirely on its continued reaction to $19,000 One trader is noting that Bitcoin is now at a junction, with its near-term trend potentially being a pivoting point for its mid-term outlook Bitcoin has been flashing some signs of immense strength throughout the past few days and weeks, with the selling pressure seen at around $19,000 being quite intense. Where the market trends in the mid-term will depend entirely on this level, as a rejection here could be incredibly dire. That…

Read the original article here