The divergence between bitcoin and altcoin prices continues. While BTC/USD hit a new high of $298.99 on Tuesday, Peercoin and Namecoin are still trading well inside their ranges. While Litecoin has been pushing on the high of its congestion area at $2 dollars, it is still unable to break it.
Bitcoin Bounces Off $300
Bitcoin bounced off the important $300 level late on Tuesday. We’ve noted this area as important resistance so it’s not surprise that prices stopped to catch their breath here. The chart below shows why $300 is important.
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