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BTC’s Price Hitting $36K Could Spell Good News For Altcoins

Published 02/11/2023, 01:08
Updated 02/11/2023, 01:15
BTC’s Price Hitting $36K Could Spell Good News For Altcoins
BTC/USD
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Coin Edition -

  • An analyst anticipates that BTC hitting $36K could be a good thing for altcoins.
  • At press time, BTC was trading at $24,446.85 after its price surged 0.90%.
  • Symmetrical triangle formed on BTC’s daily chart suggests a breakout may be on the horizon.

Cryptocurrency trader and analyst CryptoTony shared in a post on X (formerly Twitter) that he believes Bitcoin’s (BTC) price is very likely to hit $36,000 soon, which could be good news for altcoin traders. According to the analyst, BTC’s price may experience a drop after hitting $36K, and as a result, there will be a liquidity inflow into altcoins.

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