GUYS GUYS GUYS ......So, you're wondering why Bitcoin and altcoins aren't rising?
-Well, let's dive in and find out! 👇👀
First off, Bitcoin is still moving in a narrow range and hasn't made a big move yet. Some investors are holding back because of selling pressure from Mt. Gox and the German government. This is causing the price to stay stagnant.
But don't worry, analysts say that an altcoin rally can only start when Bitcoin hits new highs and looks overvalued to some. So, we're waiting for that to happen!
In the meantime, some altcoins like XRP are doing well and have even hit critical Fibonacci support. And, there's some big news coming up in the crypto space, like Kangamoon's token distribution and MoonBag's presale.
Oh, and have you heard that the German government is selling off its Bitcoin holdings? That's causing some volatility in the market!
Stay tuned for more updates and remember to do your own research before making any investment decisions!
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