#BTC is within a short-term rising channel, within an accumulation range.

The indicator is easing. The Relative Strength Index is heading towards the 50% range.

Completely normal movement. Nothing to worry about. BTC tested the bottom of the channel.

If it breaks the top of the channel along with the 8-month average, we can test 107k - 108k with the aim of reaching 100% of the pivot, potentially testing 120k in the coming weeks. BTC movement corroborating with highs.

For a consistent rise in altcoins, we need to break today's high along with the 8-month average.