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After a slight pullback in the recent Bitcoin price run, the bullish trend has continued, and continued strongly! Having a look at the charts, it is looking increasingly likely that the next stop will be $10,000 – at which point we should find some solid resistance based on volume in recent months.

For now, Bitcoin is looking very strong, but Graeme is hesitant about opening any new positions just yet. The safer play fo those who may have missed this recent leg up would be to wait it out and see what happens at $10,000, at which point we can re-evaluate.

The altcoin market is also starting to look a lot healthier after many, many months of incessant blood. Graeme looks at the overall market capitalisation of altcoins excluding Bitcoin, as well as the Bitcoin dominance chart, which seems to be showing a rounded top. Both of these charts imply good things for altcoins, which would be good news for the avid altcoin trader.

Find out exactly why Graeme says what he says in this week’s 8-minute Market Analysis:

You can also find it on our Podcast page using one of the below links to your favourite platform:

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James Preston
James Preston is the Executive Editor of Global Crypto. He is a writer and media commentator who has been reporting on how the Tech industry will make the world a better place for 14 years, with a large following on South African radio. He is an early adopter of Bitcoin, and began reporting on its revolutionary capabilities in late 2014. Philosophical by nature, he is intrigued by how the world works, and in turn, how it can be bettered. James believes wholeheartedly that the world can become as close to perfect as we humans can imagine, but it will take a lot of effort (and time) to get there. He believes his life purpose is to inspire people to believe this, and find their place in helping humanity achieve it. James regularly does talks on emerging technology and its impact on society at Universities, global conferences, and events. To invite him to speak at your event, or comment for your media outlet, email info@globalcrypto.tv

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