Bitcoin price completed a major downside correction near $7,480 and recently climbed higher. BTC is currently placed above $8,000 and it is likely to grind higher towards $8,480 or $8,740.
Moreover, there was a decent recovery in major altcoins such as binance coin (BNB), Ethereum (ETH), ripple (XRP), bitcoin cash (BCH), litecoin (LTC), stellar (XLM), ADA, EOS, and TRX. If BTC continues to rise, it could drag altcoins higher in the near term.
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Key Takeaways:Bitcoin price found a strong buying interest near the $7,480 and $7,500 levels.Ethereum price remained well bid above the main $226 support area.Ripple price is still holding the key $0.3700 support area, but struggling near $0.4100.EOS price seems to be forming a major breakout pattern with resistance…