The altcoins season is starting ! Get ready 🍀 | MihaiDaniel on Binance Square

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The altcoins season is starting ! Get ready 🍀

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If we had a metaphorical expression, we could say that "the crypto market is starting to thaw", now let's see if it's just a momentary thaw or something more serious.

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Bitcoin has been holding above $90,000 for more than 80 days, in comparison, in 2021 bitcoin held above $60,000 for less than 40 days and at its peak it was above $67,000 for only 3 days. In this cycle, Bitcoin has exceeded $105,000 12 times. Technically, I don't think it has reached its peak yet. In 2024, the consolidation period lasted 251 days with bitcoin between $50,000 and $70,000, now we are in a consolidation phase of over 80 days!

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There is a movement coming for bitcoin, optimistic target $105,900, for the pessimistic target I don't want to tell you the exact figure but it is below $90,000. If we test the $96,200 area once again and have support and rejection from there I think we have a good chance of seeing $100,000 very soon

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The previous weekend was extremely aggressive and we had a memorable crash! Another weekend, another market move. The key support area remains at $92,000 and in terms of resistance we have two, an intermediate one at $98,000 and a macro resistance at $102,000.

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Weekend again, most of market is bearish , kind of capitulation mentally all around. For bitcoin the liquidity is on the upper side, a short squeeze is a possibility for this weekend. The volume is not the best but ok , bitcoin dominance is above 61% I guess not much room for altcoins in the crypto storyline

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