fxstreet.com 10 Feb, 2021 14:15 am

Bitcoin bull run pauses while selected altcoins on fire

Bitcoin bull run pauses while selected altcoins on fire
The ongoing bullish cycle is yet to hit its local top despite Bitcoin brushing shoulders with $48,000 (new record high). Ethereum and Cardano are at t

The Relative Strength Index (RSI) on the 4-hour chart validates the consolidation by levelling around 70.BTC/USD 4-hour chart Ethereum is trading at $1,790 after a minor retreat from highs beyond $1,800.The RSI has reinforced the short-term breakdown on the 4-hour chart.The 50 Simple Moving Average on the 4-hour chart is also in line to provide support if the bearish leg extends under $1,700.

ETH/USD 4-hour chart The cross border token is gradually reclaiming the recently lost support levels.XRP/USD 4-hour chart Bitcoin temporarily pauses the rally to highs above $50,000 following the gigantic spike from $38,000.

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