The article discusses Bitcoin's current consolidation period and suggests that before altcoins can rally, Bitcoin's dominance needs to reach around 60%. The analyst remains bullish in the long term, pointing to rising spot interest and controlled drops as indicators of market strength. The market recently tested an Astro Block resistance zone and buying interest emerged near a key level for accumulation. The Relative Strength Index (RSI) has shown recovery, and a CME gap-fill event has stabilized mid-range activity. Traders are focused on altcoin opportunities near local range lows, but if BTC dominance consolidates instead of breaking out, there may be extended altcoin accumulation phases.
Content Editor ( cryptonewsland.com )
- 2025-01-25
Bitcoin Holds Steady as Analysts Predict Bullish Breakout Amid Tight Consolidation
