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Altcoin Market Trading Near the Midrange

The Altcoin market has rallied from the lows of the trading range and has now reached the midrange. I think Bitcoin is showing some concerning resistance at $58.5k, I would carefully monitor the price action to see if Altcoins form a peak here and start trending down. If Bitcoin manages to climb above $58.5k then Altcoins can rally higher to the upper range of this channel around $616 billion market cap.

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