Yesterday, Bitcoins Price had a steep rise breaking the descending wedge that it has been forming for some months.
I had covered this in my previous post
https://steemit.com/hive-100421/@nithishfloopz/the-bitcoin-bull-run-has-started
While altcoins were having negative price action when Bitcoin was soaring, As Bitcoin started to hold the $8500-8700 range the altcoins started to surge in price
This was mainly lead by Bitcoin SV and Dash which increased in price by more than 50%.
This is a good sign for both Bitcoin and altcoins as a whole.
If this sort of Price action continues we shall definitely expect an Huge Explosion in altcoins after Bitcoin hits $20000.
But we can't confirm anything with such a small price action We have to wait and watch.
But according to me one thing is confirmed, The Price of Bitcoin is never going below $7000 again.
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