The Bitcoin price has been stuck in a consolidation for a couple of weeks now, and many investors are indecisive on which direction the Bitcoin chart is going to go.
There are a few key levels we can look for, and when we look to the past we see the potential that Bitcoin may dip down to $6,000.
What does this mean for the altcoin charts like the Ripple XRP Price chart? Well, nothing changes on my views that the XRP chart is heading to $0.175. Will it go lower if this plays out with Bitcoin going to $6,000? We’ll have to see how it plays.
With the Bitcoin dominance being so high, and doing a full retrace of the fall back in 2017, it seems possible that we may see the decoupling of the Altcoins from Bitcoin at this time.
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