Crypto:
30349
Bitcoin:
$64.255
% 0.52
BTC Dominance:
%54.0
% 0.22
Market Cap:
$2.34 T
% 1.02
Fear & Greed:
63 / 100
Bitcoin:
$ 64.255
BTC Dominance:
% 54.0
Market Cap:
$2.34 T

Bitcoin Sideways, Altcoins Ready to Surge

Bitcoin,Btc

A Bitcoin’s consolidation around $60,000 brings focus to possible altcoin rallies.

Bitcoin’s Stalemate

Bitcoin remains in the fight, floating around $60,000, as the bulls and the bears are playing a tug-of-war. The $60,000 level is critical with possible weekly loss of over 4%, which is a risk if breached. The analyst Timothy Petterson is still bullish and thinks that Bitcoin will increase to $175,000 – $350,000 by early 2025.

Traditional Finance Embraces Bitcoin

The recent submissions by JPMorgan Chase and Wells Fargo to the SEC show that the interest in Bitcoin is rising although the allocations made are very small. This step represents a wider institutional support, thus, shifting focus to other cryptocurrencies.

Analyzing Bitcoin’s Chart

The technical indicators of Bitcoin introduce a fierce fight, where the 20-day EMA becomes the critical battlefield. Lack of breach above $62,650 can cause repurchase of support at $56,552 and breakthrough can lead to start of a rally towards $73,777.

Altcoins Poised for Action

TON and RNDR are promising amid the stagnation of Bitcoin, preparing for potential upward bursts.

TON and RNDR Analysis

TON struggles at $7. 23, while RNDR looks forward to $12 during a bullish move. They both encounter the key support levels, suggesting possible consolidations could come before more upside.

PEPE Gains Traction

Bull patterns are shown by PEPE aiming at $0.0000145. That is underpinned by sustained buying interest.

By now, Bitcoin is remaining in the lateral trend so that the focus shifts to altcoins in terms of potential profits or the accounts of traders become flexible during the sideways movements of the market.

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