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Altcoin Market Cap has been successfully retesting old resistance as new support for two weeks in a row now #BTC #AltcoinAction

Altcoin Market Cap has been successfully retesting old resistance as new support for two weeks in a row now

#BTC

#AltcoinAction

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#BTC    Despite the short-lived recovery and subsequent rejection from $67,000... Bitcoin still continues to remain above the Range Low of its Re-Accumulation Range as the week of the Bitcoin Halving begins $BTC #Crypto #Bitcoin
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$ALTS Altcoin Market Cap following the plan... A successful blue circled retest would see Altcoin Market Cap revisit the $315bn resistance (red circle) ✅ There will likely be a rejection back into the blue $250bn level ✅ But afterwards, Altcoin Market Cap will rise again to break beyond $315bn (red) ⏱️ #BTC    #Crypto #Bitcoin
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#BTC    We are here (green circle) And if you can't really see the recent dip... That's precisely the point of this post $BTC #Crypto #Bitcoin
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#BTC    It's been 23 days since Bitcoin officially entered the "Danger Zone" (orange) where historical Pre-Halving Retraces have begun Currently, $BTC is 5 days away from the Halving and pulled back -18% in March and -15% this April Historically, Bitcoin has performed Pre-Halving Retraces 14-28 days before the Halving In 2020, this retrace was -20% deep In 2016, this retrace was -40% deep #Crypto #Bitcoin
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#BTC    Bitcoin is still technically in the transitional period between the Pre-Halving Retrace phase of its cycle (dark blue circle) and the Re-Accumulation phase (red) But this retracement is all about setting up the next phase: the Re-Accumulation phase (red) This recent rejection from $70k has given us a better idea where the Re-Accumulation Range High resistance is (red horizontal) Now it's all about figuring out where the Re-Accumulation Range Low will be (green horizontal) For now, the -18% Pre-Halving Retrace has potentially marked the bottom of this Re-Accumulation Range If ~$60,000 continues to be the bottom... BTC may consolidate between $60k & $70k for the coming weeks going into the Halving and beyond $BTC #Crypto #Bitcoin
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