Gm.
Market update.
The way I currently see it is that it all comes down to those 2 purple boxes right now.
The market has shown us it is willing to go higher and up.
- Reclaimed the range with deviation
- Broken downtrend inside the range
Either we hold $66-67k right here and move up or we hold $62-63k.
That's all there is to it from my perspective.
Alts will not strongly go up yet during this volatility.
The biggest move will happen once Bitcoin is able to fully reclaim $70k and above.
Market confidence will return at that point and alts are very emotional driven.
Keep in mind we really are not far away from $70k right now.
It might look like that but we are still in the consolidation range take place at the previous all-time high.
It really only takes 1 strong push soon to change the market dynamic entirely.
Untill then we can still try to search for some local outperformers in the altcoin market.
But overall the upside here still looks phenomenal.
