The altcoin market cap may soon break the $425 billion resistance level, according to crypto analyst Rekt Capital. The analyst believes that the retracement from this level has been shallower than previous breakdowns, suggesting that there is now a greater potential for the alt market cap to flip it into support. The analyst also predicts that Bitcoin will trade sideways in the near term, consolidating between $98,300 and $101,000. Currently, Bitcoin is trading at $96,860, down 1.1% in the last 24 hours.



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