Bitcoin: Altcoin Liquidity Looms as BTC Tests Support
Bitcoin at $62430.58 tests lower support while altcoin season historical patterns and EMA signals for altcoin market bottoms suggest rotation once dominance cycles shift.
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Michaël van de Poppe notes altcoins have posted breakouts and yearly highs yet face renewed pressure from weak BTC, with liquidity expected to rotate back once Bitcoin finds a bottom in line with altcoin season historical patterns and EMA signals for altcoin market bottoms crypto. At $62430.58 price sits inside a bearish structure beneath the EMA50 at $64001.99 and EMA200 at $68263.4, MACD locked in a death cross at -253.01 and RSI at 35.35, while the pair tests the lower Bollinger Band near $62615.44; this confluence of long-term moving-average resistance overhead and short-term volatility exhaustion at support raises the probability of a measured bounce that historically precedes capital rotation into altcoins as Bitcoin dominance cycles ease.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast