Bitcoin breaking the $60,000 level will cause a major rally in cryptocurrencies. Therefore, the cryptocurrency market has great potential to rise from here.
As of now, bitcoin is trying to move towards $50,000. This is the major resistance as well as the weekly resistance area. Thus, if bitcoin breaks the $50,000 mark and makes a sharp bearish move, the next target will be $53,000 and $56,000 area.
Yeah, I'm expecting once ATH is revisited, we'll see everything that's NOT Bitcoin press high, fast and furious, ETH probably leading that charge and then all those *cough*defiscam*cough alternatives. And when that winds down, Bitcoin will begin its move up in earnest, once more carrying alts on its back. Before that, though, the first sign of exhaustion from revisiting the peak and yeah, we'll be checking in frequently with the 53k range