Crypto market update✍️

Good evening to all my friends. I hope you all are doing well. I am having a good day. Guys, after Bitcoin’s price dropped to $78,600, it's now stabilizing around $85,000. Following the recent drop, Bitcoin saw almost a 30% correction, which historically signals the start of the next rally in bull markets. This pattern has occurred many times before. Interestingly, while Bitcoin prices drop, altcoins (alts) aren't falling as much and are even rising in some cases, indicating a potential altcoin season. We’ll look at some charts and updates on alts. As for Bitcoin, after a 6-month period, it corrected by around 28-30%, similar to past moves. The real question is, can Bitcoin break higher, reaching levels above $90,000? The price movement will depend on how the week closes. I believe that after major drops, we usually see a slight rise, indicating that the next move could be upwards, possibly testing $90,000 or higher. We’re watching key resistance levels around $90,000-$92,000, with a lot of volume needed for a breakout.

A pattern forming is similar to 2021's, where Bitcoin experienced phases of consolidation and a breakout. We could see a similar scenario play out, where Bitcoin consolidates between $75,000 and $90,000 before a breakout to higher levels. For altcoins, Ethereum, Solana, and others show potential buy areas. Ethereum around $2,100 and Solana near $125 are some of the key levels to watch. Lastly, keep in mind the importance of patience and having a strategy. Don't get caught waiting for the absolute bottom buying when the market is fearful might lead to good opportunities. That's it for today. Thanks & have a good day!!