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Eternel insatisfait
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$ALTS Still time left before the Q2 Altcoin Hype Cycle takes off But the very foundations of the next wave of Altcoin rallies is being built as we speak Market-wide breakouts can't occur without the market first experiencing slow consolidation periods #BTC    #Crypto #Bitcoin   

$ALTS

Still time left before the Q2 Altcoin Hype Cycle takes off

But the very foundations of the next wave of Altcoin rallies is being built as we speak

Market-wide breakouts can't occur without the market first experiencing slow consolidation periods

#BTC    #Crypto #Bitcoin   

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#Bitcoin    is still holding support Price has been ranging for the past few months between $60,000 and $71,500. There was also a fakeout till $56,500, but price quickly reclaimed the range and went back to the range high, where it got rejected. The price has already faced four such rejections from the range high but is still holding the upward-sloping trendline support. If the current support holds, we can expect another test of the range high and a possible breakout soon.
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#BTC    Bitcoin has performed a historic technical feat in turning a major area of old resistance into new major support Bitcoin has since developed a Re-Accumulation Range at these highs which resembles a Bull Flag trend continuation pattern $BTC #Crypto #Bitcoin   
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#BTC    We are here (orange circle) $BTC #Crypto #Bitcoin   
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#Bitcoin    - This is the longest consolidation Each cycle, we have noticed a similar pattern where Bitcoin consolidates near the all-time highs before it enters price discovery. Out of all consolidations, the current one is the longest. In 2017, BTC consolidated for 48 days before breakout In 2020, BTC consolidated for 21 days before breakout In 2024, currently BTC is consolidating for the past 87 days and counting. Once price breaks out of this consolidation range, we are going to witness a massive upside rally.
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#BTC    If history repeats, a Bitcoin breakout from the Re-Accumulation Range would occur in September 2024 $BTC #Crypto #Bitcoin   
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