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Crypto

Altcoins Gain Traction as Bitcoin Consolidates Near $80,000

Guavy AI Editorial Team
Instruments
BTC MEW
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Bitcoin's consolidation phase is giving altcoins an opportunity to shine, according to CryptoMichNL. The price of Bitcoin has been holding steady at $79,677.13 within its Bollinger bands, while the 4-hour structure remains bullish above the EMA50 at $78,602.73 and EMA200 at $73,020.09.

The MACD death cross at 449.2 is a signal of short-term caution, but the RSI at 53.53 keeps conditions neutral, allowing the price to test upper band resistance near $82,545.33 before any potential pullback to the 50-EMA support.

This setup favors continued altcoin rotation within the broader BTC price prediction framework and supports ongoing crypto market analysis for institutional desks tracking Bitcoin-native flows.

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