Breaking down the Ethereum/Bitcoin chart indicating a potential momentum shift
ambcrypto.comIt has been an exciting month for the cryptocurrency industry, especially for the largest digital asset. Bitcoin reached a new all-time high of $67,000 earlier last week. However, rather than pushing forward with renewed market momentum, BTC showed faded strength on the charts.
For the most part, Bitcoin rallied the collective industry this month. Over the past few days though, the asset corrected by more than 10%, dropping momentarily below $60,000.
However, at press time, the asset had recovered and was close to $63,000. Having said that, there is another coin, waiting in the wings, and over the course of next week, it might be on the bullish wheel.
Source: Trading View
An article on AMBCrypto last week, discussed the likelihood of an altcoin
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