Glassnode: Altcoin Cycle Signal Returns Amid BTC Drawdown

Glassnode reports the Altcoin Cycle Signal has flipped back into altcoin season, though this cycle shows alts exhausting sellers after nearly two years while BTC draws down aggressively and carries most of the market load.

Price sits at $64331.87 just above the EMA50 at $64184.25 that now acts as immediate support, with the EMA200 at $68412.81 capping upside. The MACD golden cross at 90.26 keeps the broader structure bullish even as RSI at 52.31 stays neutral inside the Bollinger band, where the upper resistance at $64955.36 and lower support at $62997.47 frame near-term volatility. This setup points to a likely test of the 50-EMA before any sustained continuation higher in the ongoing BTC price prediction debate and crypto market rotation toward alts.