If we break down the market cycles of cryptocurrency rallies:
• In 2017: The rally lasted for 182 days.
• In 2020: The upward trend persisted for a full year.
• In 2023: We saw another rally that lasted 182 days.
Following these periods, the strongest bearish wave occurred in October. If you notice, prices retraced to touch the primary support levels from which these coins originally launched in previous years.
We can consider this zone a formidable support level for the assets that will lead us into the next season. If you are an investor, patience is key right now; we are likely entering a phase of volatility and sideways consolidation that could persist until the end of this year.

Bitcoin reached $81,000 and closed a previous price gap 📉, but so far it hasn’t been able to break above the 200-day moving average—the same level it broke at the start of its decline.
• Currently, there is a logical price gap around $69,000 that still needs to be filled 🔙.
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In any case—and this is the most important point regardless of Bitcoin—other cryptocurrencies are clearly starting to form strong bottoms 📈. Even if they continue to move sideways for a while, that’s not an issue 🤷‍♂️.

I’ll explain more about altcoins in another post.

PEPE
is still close to entering.

Update on the OTHERS chart, which represents all altcoins excluding the top 10.

It is still holding steady within the blue highlighted zone inside the box.

✅ A breakout above the blue zone
✅ And a weekly close above it would be very positive for altcoins and could signal the beginning of an upward move.

✳️ Even if the breakout doesn’t happen and price continues moving sideways within the range, it would still remain positive until the end of the year.

ALGO
Targets in green average Medium range

Sui
First goal achieved with profit 50%

The current correction has had only a limited impact on the currencies so far, and their overall trend still clearly indicates an upward movement.

The negative scenario would occur if the trendline marked in red is broken, which is unlikely during this period since the currencies are already near the bottom.

Qnt
First goal achieved

Dash
Second goal achieved with profit 22%