Bitcoin: Consolidation Fuels Altcoin Surge
Bitcoin holds $79814.65 while altcoins rally, confirming bull market as per CryptoMichNL with 4h chart showing EMA50 support at $78907.55.
SourceAnalysis
Bitcoin consolidation at $79814.65 coincides with altcoin strength, marking the bull market phase according to @CryptoMichNL.
Price action respects the EMA50 at $78907.55 as primary support above the EMA200 at $73419.76, while the neutral RSI(14) at 53.74 and MACD death cross at 295.83 signal short-term momentum pause inside Bollinger bands bounded by $81842.34 resistance and $78363.13 support; this setup favors a measured pullback to the 50-EMA before continuation higher, aligning with BTC price prediction models and altcoin season dynamics during the current Bitcoin consolidation period.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast