HIVE Boosts Bulls Appetite as Bitcoin Breaks Great Resistance

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(Edited)

The leading cryptocurrency by market cap, Bitcoin (BTC) has been stuck between $16,250 and $17,000 since Dec. 16 and managed to break the great resistance at $17,000 today. As Bitcoin leads the rise of the crypto market, some altcoins seem more willing to go higher.

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Bitcoin broke the great resistance at $17,000 strongly and is currently trading at $17,261. And it draws a very willing graph to go higher. The next great resistance appears at $17,520, if it breaks this resistance, it could move higher. But the most important major resistance is at $17,800, a break of this resistance may enthuse the bulls.

Bitcoin rise is crucial for crypto markets, but as Bitcoin rises, altcoins seem more willing to rise higher. This shows that some altcoins will make a faster bull run in the bull market. It's too early to talk about a bull market right now, but the upswings in the current crypto market are like a preview of the bull market.

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HIVE is up 5% today to surpass $0.28, also up 3.11% against Bitcoin. This shows that HIVE is much more willing to move higher.

I've always trusted Bitcoin but I think some strong altcoins can make more profit during bull season. That's why I follow strong altcoins such as HIVE, Ethereum (ETH), BNB, Polygon (MATIC), THORChain (RUNE) very closely. In short, while Bitcoin is rising, strong altcoins are increasing the appetite of the bulls. It seems clear that the bulls are showing more interest in altcoins.

It's too early to talk about a bull market right now, but what if it started... We'll have to wait and see.

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Good to see Hive at 28 cents, hopefully the market stays green for a while for more green momentum.

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The markets have started to revive a little, I hope it continues like this. Investor behavior will decide which direction prices will go. I think HIVE is still very cheap and if the markets continues like this I think HIVE will soon regain 30 cents.

!PIZZA

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