The post These Altcoins Might See Massive Surge If Bitcoin Price Surge Above $32K appeared first on Coinpedia Fintech News
The Bitcoin (BTC) market encountered a significant resistance level ranging from $30k to $31k during the early London session on Friday. However, concerns about a potential Bitcoin double-top on the weekly time frame have left traders wary of a potential reversal, despite overall bullish sentiments.
Consequently, many crypto traders have shifted their focus to altcoins that present a more positive outlook with minimal weekly resistance compared to Bitcoin. Moreover, Bitcoin’s trading volume has dropped by approximately 47 percent in the past 24 hours, while alternative cryptocurrencies like PEPE have witnessed a trading volume increase of about 30 percent.
Institutional investors seeking exposure to cryptocurrencies continue to demonstrate a strong bullish sentiment toward the Bitcoin market. This significant demand for Bitcoin is evident as Open Interest (OI) h
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