Bitcoin Price Hovering Above $10,000 with Altcoins Flashing Light-Green

Fibo Quantum

Despite a one percent uptick, the Bitcoin price is still in serious danger of suffering a major correction. The BTC price is sitting precariously at $10,122 with major technical indicators, such as the weekly RSI, pointing to another breakdown.

Bitcoin bull Brian Kelly recently voiced a bearish prediction, claiming that the BTC price got ahead of its fundamentals.

In the short-term, I am a little bit cautious,” Kelly told CNBC’s Squawk Box.

With that being said, altcoins are in a slightly better situation with Ethereum (ETH), Ripple’s XRP, and Bitcoin Cash (BCH) registering minor green updates.

However, if Bitcoin stumbles, these cryptocurrencies will inevitably fall as well.