Bitcoin's trading range has widened, and a move above the August high suggests further gains for the cryptocurrency. The corrective trend in altcoins appears to have ended, with the cumulative market capitalization of alternative cryptocurrencies breaking out of a six-month downtrend. This breakout indicates the possibility of an "alt season," where smaller tokens outperform Bitcoin and Ethereum. Analysts are now looking towards the next resistance level for Bitcoin at around $70,000.



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