BTC whipsaws but select Alts soldier higher following May break-outs

BTC’s temporary break out leaves it back in the box but Alts continue to trend higher. BTC, once again, whipsawed traders over the past few days temporarily gapping up above the widely watched 10K resistance level only to gap back down into its May trading range to test 9.1K support and settle back to where it all started near 9.5K. It all reminds us of the title to the Pharcyde’s classic 1992 debut album Bizarre Ride II. So while BTC’s near-term trading was somewhat bizarre, the overall technical outlook has not meaningfully changed. In fact, the more interesting development in crypto ...