Bitcoin Market Update
Bitcoin is currently hovering around $98,000, facing resistance at the critical $100,000 mark. The price action is confined within a consolidation range between $90K and $100K, creating a period of indecision.
As mentioned before, when Bitcoin enters such consolidation phases, we often witness an alt coins rally, or "altseason." This time is no exception — most altcoins have already doubled in value and continue to perform exceptionally well. Many of these coins have been highlighted in our previous discussions.
However, there’s still an open CME gap between $78K and $80K that Bitcoin might revisit. While this gap doesn’t necessarily need to be filled before alt season, it remains a possibility for later. Importantly, a Bitcoin correction doesn’t always mean altcoins will tumble. Often, altcoins move in correlation with Ethereum or BTC dominance, which can lead to independent recovery pumps even if Bitcoin dips.
For now, there’s still an opportunity to pick up promising altcoins that could multiply your portfolio’s value during this altseason. Patience is key — nothing happens overnight. Be sure to check out the video below for detailed guidance on how to maximize your gains. 👇🏻
Summary: Bitcoin remains in an uptrend unless it breaks below the $90K level! Stay informed and prepared.