Bitcoin Price Tightens as Traders Prepare for a Second Shot at $9.2K

After a strong two week performance that saw Bitcoin (BTC) price rise from $7,700 to $9,200, the top crypto asset appears to be consolidating before making another attempt at $9,200. As this process takes place and Bitcoin’s dominance rate dropped slightly, many altcoins rallied with double-digit gains which brought many to test or even push above their 2-year long descending trendlines. 

Most notably, the ETH/BTC pair pushed above its long-term downtrend, an occurrence covered in great detail by Cointelegraph contributor  Michaël van de Poppe

Cryptocurrency market weekly overview

Cryptocurrency market weekly overview. Source: