Bitcoin Price Breaks Out to Six-Day High, Leaving Altcoins Behind
Bitcoin (BTC) surpassed altcoins on Jan. 30 as it reached a crucial breakout level, hitting a six-day high of $105,563 on Bitstamp. BTC price action remained strong despite the US Federal Reserve's hawkish stance, with Bitcoin being the only net gainer among the 15 largest cryptocurrencies by market cap over the past seven days. Traders and analysts predict that BTC price discovery could return in the coming weeks, with February being a potential target. Despite new macroeconomic uncertainty, BTC price bullish divergences are playing out nicely, with market participants hopeful of new all-time highs.
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