The price action of $BTC.D shows that it is consolidating within the S/R zone after a strong pump. The price has broken out from the previous resistance, flipping it into support, and has now formed a new resistance.
The price has been rejected from support, indicating a possible bullish movement, which could lead the price toward resistance. If the price breaks out from resistance, it might trigger an upward movement.
However, if the price gets rejected from resistance, it could result in bearish movement. A breakout from resistance could lead to further upside, potentially causing $ALTs to dump.
On the other hand, if the price breaks down from support, it might trigger bearish movement, leading to a pump in the $ALTs market.
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Crypto Bull®