The #Altcoin market capitalization reminds me a bit of the start of the previous bull run. Right now is an optimal level to bounce. If it does that, we're in for a tear on the coming months and a lot of upside. All lows have been swept, so other than just holding here, we can also copy/paste the price action that we've seen in 2023 (Second picture). The difference with that example is that it took out the low and crashed a lot deeper on the same day. In nowadays markets, the low has been taken, so I would imagine that we're going to see a reversal from here much rather than downwards. If it turns out to be going downwards even more from here, we might print new lows and that completely invalidates the bullish divergence thesis.
Michaël van de PoppeShare
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