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The Altcoin Market is Rebounding

Written By: ChartChamp

October 4, 2024

Bitcoin has held above $60.3k, and the Altcoin market is forming a bullish rebound as well. Altcoins experienced a failed bullish breakout a few days ago, the Iran news sent the price back down. However, I think Altcoins could form a bullish breakout on the next or third attempt. For now there’s likely to be some upside to around $613.5 billion, and Altcoins would need to break above $613.5 B to start a rally. If there is a rejection at $613.5 B then I would be more concerned for downside to Bitcoin’s $55k target. I think the next few days will be important.

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