Stocks are up and DXY is slightly down, perhaps a sign of what's to come for Bitcoin and select altcoins.
) is trading well below its local high of $31,000, made on April 14. This shows a clear divergence between the performance of the two asset classes.
Let’s look at the important resistance levels that need to be crossed to start a sustained recovery in Bitcoin and the major altcoins.The S&P 500 Index is in a short-term uptrend. The rally of the past few days pushed the relative strength index into the overbought territory, indicating that a minor correction or consolidation is possible.The index could turn down and retest the breakout level of 4,325.
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