Altcoins Could Surge by 70% if Bitcoin is Able to Defend One Critical Level

[Dociko]

Bitcoin is once again trading down at its crucial $10,000 support level. Earlier today, bears attempted to invalidate this support when they pushed it to $9,900, but the cryptocurrency was able to rebound from these lows.

Analysts are now conflicted on where BTC will trend next, as a continued defense of $10,000 would be bullish, whereas a sustained dip below it would be a grim sign for its mid-term outlook.

The price action seen this morning has done little to offer clarity into the cryptocurrency’s near-term outlook. Although BTC is rebounding at the moment, as seen with yesterday’s surge, these types of upswings can be fleeting.
Details: https://www.newsbtc.com/2020/09/08/altcoins-could-surge-by-70-if-bitcoin-is-able-to-defend-one-critical-level/