"Cryptocurrency Market Update: $PEPE and Bitcoin
$PEPE is currently experiencing a period of consolidation after a significant price movement. Meanwhile, Bitcoin's dominance is causing a bleed-out effect on other coins. As trading resumes tomorrow, we can expect a clearer direction for the market.
Based on my analysis of Bitcoin's chart (attached), I anticipate a breakout above the current resistance level, potentially reaching $70,000. The chart indicates a Wyckoff accumulation pattern, with higher highs and higher lows, suggesting a markup phase. If Bitcoin surpasses the $67,000 mark, we can expect a positive impact on other coins, including $PEPE .
