Another week has passed and this week was a good one for the general crypto market. Most of the coins are up double digits and a sense of optimism can be felt in the air. A lot of my friends in the crypto space are very pleased that BTC managed to hold the 6000$ level !
On a longer-term basis things dont look great for sure but at the moment the big question for me is whether Bitcoin will have the power to break 7000$ and hold above it. For me this is very important for the near-term price direction of the crypto king.
Ether has been doing a lot better than BTC and after recent lows of 367$ it managed to hold above 400$ despite the new lows in the market leader. Another interesting fact is that Bitcoins dominance is around the 43% level which indicates that buying the leader is still a lot more popular than buying dubious alts.
What's your thoughts for the near-term future of the coins ? Are you considering to accumulate or you are waiting for a better entry point ? Let us know in the comments below.