These three altcoins present bullish formations against Bitcoin (BTC) and could surpass it in June 2024.
Even though BTC is consolidating within the $69,000 range, the following altcoins have bullish formations against it.
$LINK /BTC
The LINK/BTC pair is in a cumulative phase for a total of 700 consecutive days, using 0.0002 BTC as support and 0.0004 BTC as resistance area.
If the 0.0002 BTC barrier is recovered, it projects bullish continuity with a target of 0.0022 BTC.
The descending triangulation formed in LINK/BTC projects a 54% probability that it can reach the target in the medium term.
$ALGO /BTC
The ALGO/BTC pair presents the descending triangle chart formation whose bullish kneecap above the 0.000004 BTC barrier projects a new bullish cycle.
This targets 0.000036 BTC: an increase of approximately 800% against the Bitcoin pair.
ALGO can also enter a cumulative phase using 0.000004 BTC as a resistance area and 0.000002 BTC as support.
$MANA /BTC
Since 2022, the MANA/BTC pair has been forming a descending channel and consolidates the level of 0.000006 BTC as support.
The recovery of the 0.000008 BTC barrier marks the beginning of a new bullish cycle for the MANA token against the BTC pair.
However, in the short term we can expect the start of a cumulative cycle using 0.000006 BTC as support.
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