Bitcoin's percentage of the crypto market is up – a sign that investors are likely switching their money from alternative cryptocurrencies.
After yesterday's drop, bitcoin could fall below the $6,000 mark, but will likely fare better other cryptocurrencies.
Currently trading sideways, bitcoin still looks set for a corrective rally as long as prices remain above $6,000.
Bitcoin could trade on a positive note for the rest of the week, if prices close today above Sunday's high of $6,250.
Litecoin's (LTC) price hit a seven-month low on Friday as the cryptocurrency markets turned risk-averse.
Bitcoin's bears have seized the upper hand and forced a rising wedge breakdown, the technical charts indicate.
Bitcoin's bulls are struggling to force a rally, despite a still-favorable short-term set-up on the technical charts.
Bitcoin remains on the hunt for $7,000 despite news that the a South Korean crypto exchange has been hacked.
Tron saw double-digit gains Tuesday after announcing it acquired BitTorrent for $140 million.
Despite the bearish chart setup, bitcoin rose to a six-day high on Monday, putting a corrective rally to $7,000 back on the map