GM future crypto billionaires. BTC is still trading near the yellow trendline around $65.7k. BTC is currently under the trendline and is still trying to build support here. I would give it some time for now.
The Altcoin market has been holding strong after a bullish breakout. The buy volume has calmed down a bit, but everything looks good for a bullish breakout.
SUI spiked up this morning while BTC, ETH, and most ALTS have been trading sideways over the weekend.
These are other Altcoins on my list that are performing well today. ARKM is approaching resistance at $1.67, I would monitor for a break or pullback.
Bitcoin moved sideways throughout the weekend. A new weekly candle has opened roughly 3.5 hours ago. So far the Monday daily candle has been a red move down. This is looking like a potential false breakout for now. Bitcoin is back in the yellow channel, trading within a range between $62.7k and $66.5k.
The Altcoin market also moved sideways over the weekend. However, once the new weekly candle opened 3.5 hours ago the Altcoin market started to dip. There could be a retest of the yellow trendline, flipping it into a support level before Altcoins start to rally. We are now just 1 day away from the monthly candle open for October. Hopefully we get a bullish Uptober like we did last year. I’m still cautious and monitoring for any warning signs due to the macro economic situation so I recommend paying attention to the updates if anything changes.
XRP is on the move. Oct 7 is a key date, it’s the deadline for the SEC to appeal the XRP lawsuit. If there is no appeal XRP might start to rally.
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