Bitcoin is attempting to hold on to its recent gains and as the price consolidates, traders may focus their attention on altcoins such as LUNA, AVAX, ETC, and EGLD.
Bitcoin (BTC) rose above $42,000 on March 19 but the bulls continue to face a strong challenge from the bears at higher levels. Although Bitcoin’s price has recovered from $37,578 on March 13, Cointelegraph market analyst Marcel Pechman highlighted that the long-to-short net ratio of top traders across three major exchanges shows that professional traders have not been buying aggressively.But while Bitcoin struggles at higher levels, select altcoins are showing strength.