Although Bitcoin is trading at an all time high against the US dollar, it is showing signs of exhaustion against numerous crypto currencies, in particular this tendency is clearly visible against the Ripple.
Also against Ethereum, the spot price (39.24) is threatening to challenge the rising 40 week moving average of 37.33.
Bitcoin has however managed to maintain its bullish stance against gold (currently at 35.42). It remains to be seen if this trend can maintain its strength and challenge its all time high of 39.24.
Our opinions are not a recommendation to buy or sell a security. Your decision whether or not to open a transaction should be based on your own due diligence and not on any representation we make to you
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