While BTC may move toward $106k and potentially end up as a technical trap, as mentioned in my previous Bitcoin chart, I’m open to being wrong unless proven otherwise.

That said, capital is likely to rotate into altcoins. Based on the chart above, we could see a short-lived rally in altcoins. The GC Indicator is also close to turning green, which has historically been a reliable tool for fractal analysis.

Of course, nothing is guaranteed in the market, but this setup looks constructive. There’s a possibility that the altcoin market cap has already bottomed and is now preparing for a reversal.

I’ll share more updates if this chart continues to hold support.
The next chart will focus on when exactly it may be a good time to enter altcoins and how long the rally could last, if it plays out.

Always do your own research; this is not financial advice.

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#Altcoins