The Altcoin market is close to forming a bullish breakout, but was rejected at the yellow trendline on October 7. There is a bullish rebound forming, and the Altcoin market is preparing for another attempt to break through the yellow trendline. The Altcoin market cap needs to rise above $610 billion for the bullish breakout to occur. We are entering the part of the Bitcoin cycle where the market experiences a lot of upside. In October the month usually starts off slow with a decline, but throughout the rest of the month there is usually about a 30%+ rally. If history repeats we could experience a lot of upside for crypto.
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