In analysis is shown bitcoin on weekly charts with main support and resistance.
The resistance on weekly chart is very imporant. If price breaks this trendline with good volume, then bitcoin will go to new ATH.
Alts - bcs bitcoin price is going sideways then many alts could go still up.
It is imporatnt to watch higher timeframes. Trading volume is decreasing and many fake shakeout could come. For exaple today's one.
The resistance on weekly chart is very imporant. If price breaks this trendline with good volume, then bitcoin will go to new ATH.
Alts - bcs bitcoin price is going sideways then many alts could go still up.
It is imporatnt to watch higher timeframes. Trading volume is decreasing and many fake shakeout could come. For exaple today's one.