The rally continuing in Bitcoin is still holding strong in the last leg of its Wave C pattern for Wave 4. The price action has been quite choppy and indicative of a 4th Wave. One correlation to note is how the ALT markets feed into a Bitcoin bounce higher. We have been seeing 40-60% gains on some of the Alt coins as BTC catches a bid. This demonstrates that buyers are willing to step in to buy this dip a soon as Bitcoin shows signs of life to the upside. Below we can also see that BTC investors are just sitting on the sidelines in cash and are willing to step in to buy this market to the tune of billions so long as Bitcoin can catch moves higher. This bodes well for the near term future of Crypto Currencies.
News:
Forbes Publishes Their List of Cryptocurrency Elites:
https://www.forbes.com/richest-in-cryptocurrency/#7f2367181d49
Carl Icahn Goes On Old Man Rant About Cryptocurrencies - Calling Them "Ridiculous" - More Proof The Old Investment Professionals Still Have No Clue
https://cryptovest.com/news/carl-icahn-proclaims-bitcoin-cryptocurrencies-ridiculous/
