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Crypto

Bitcoin Consolidation Fuels Altcoin Surge Amid Bull Market Signs

Guavy AI Editorial Team
Instruments
BTC
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The price of Bitcoin has been consolidating at $79,814.65, which is coinciding with an increase in altcoin strength.

This development marks what analysts are calling the bull market phase, according to @CryptoMichNL.

The price action on BTC respects the EMA50 at $78,907.55 as primary support above the EMA200 at $73,419.76.

The neutral RSI(14) at 53.74 and MACD death cross at 295.83 signal short-term momentum pause inside Bollinger bands bounded by $81,842.34 resistance and $78,363.13 support.

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