Altcoins are notching double-digit gains as bulls push Bitcoin price back toward the $55,000 level.
After a sharp relief rally, Bitcoin price encountered resistance near $55,000, leading to a short-term pullback in select altcoins.
After days of range-bound action, Bitcoin and many altcoins made a strong comeback today, indicating buying at lower levels.
Ethereum and a handful of altcoins have charged higher while Bitcoin struggles to find enough momentum to clear the $58,000 level.
Bitcoin is trying to stage a comeback in order to catch up with the spectacular price action seen in Ethereum and other altcoins.