Bitcoin prices are feeling the pull bitcoin 3 day charter gravity today, amid solid gains across many alternative cryptocurrencies. How Can I Buy Bitcoin?

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What is a Distributed Ledger? How Do I Use Ethereum? What is a Decentralized Application? How Do Smart Contracts Work? 6 percent, respectively, in the last 24 hours. 630 billion, the top 10 cryptocurrencies by market capitalization are up at least 6 percent on the day. A detailed look at the individual markets suggests that the money could be flowing out of bitcoin and into rival cryptocurrencies.

That said, the downside in BTC could be limited, as most major alternative currencies have clocked new lifetime highs in the last 24 hours, and it’s possible that investors may take their profits in alternative currencies and channel part of that new money back into bitcoin. Even so, the price chart analysis calls for a quick progression in prices, or bulls risk losing control. A weak close today would confirm the bearish RSI divergence. The 5-day MA and 10-day MA are curled up in favor of the bulls. 17,500 in the next 12 hours. Furthermore, a pullback in alternative currencies could take the pressure off bitcoin.