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Altcoin Market Preparing for a Big Move

Written By: ChartChamp

October 10, 2024

Bitcoin and the Altcoin market are attempting to bottom out today. I expect to see some boring sideways price action for today, but we can start to see some more exciting price action as soon as the next daily candle opens later today. The Altcoin market cap is forming a tight trading range with resistance at the yellow trendline and a green support level building up. Altcoins could trade within this range over the next few days, but will have to find a clear direction before the end of October. Historically Bitcoin and Altcoins are bullish in October so ALTS could be setting up for a bullish move soon.

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