Fiat to Bitcoin or Fiat to altcoins? That is the question

Bitcoin has completely regained losses from this weekend and then some, making news highs past $8000. A slight retracement should be expected as the markets never move monotonically. Consider this before adding to a position. Altcoins, on the other hand, appear to be pulling forward as Bitcoin faces resistance at highs. The crypto spread indicator has noted this shift. For the first time in days, it has broken into negative territory, indicating altcoins are providing better returns at the moment. The Altcoin Index dipped significantly, so they should have some room to go. Ethereum, in particular looks like a good bet, poised for a breakout from a long term bull wedge pattern. We observed the wedge breakout we predicted yesterday in Litecoin.

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