“If you don't believe it or don't get it, I don't have the time to try to convince you, sorry.” — Satoshi Nakamoto
As the BTC market navigates the choppy waters around $26k, the Altcoin Signal is back to the frontier; bearish momentum is fading away as altcoins show bullish divergences in their RSIs. After hitting a low of $25.3k yesterday, the bulls have pushed the price back up, although the market remains vulnerable.
BTC price remained strong above the $25.5k zone. BTC could soon attempt a recovery wave above the $26.5k resistance zone in the near term. If BTC started showing strength, we could see new attempts to shift the season to altcoins.
Sellers appeared to have lost steam as the selling pressure waned after BTC broke below the $26.5k support level. We are starting to see the first innings of strength in the system, however, there’s a lack of demand to have longs entering the game with strength at $26k to push up the price.
The price has eventually bounced on the solid support at $25.23k. If the bulls push the price above $26.5K, there could be a relief rally towards the $27k resistance zone. But remember: shorts are under control, so caution first.
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