Bank holidays always kill momentum, right? Everything just... pauses. But we're sitting at one of those spots where it could go either way pretty fast.
What I'm watching: Can we actually hold above $60k and make a clean higher low? That's the vibe check. If buyers keep showing up at these levels, that's your first signal something's shifting.
Then the real test — can $BTC punch through that $62k-64k zone? That's where the 200-week MA sits, and breaking above it would flip the script on the lower timeframe downtrend. If that happens, alts usually wake up pretty quick.
If both of those play out, those bullish divergences people have been pointing at start to actually mean something. Could set up a move toward $75k-79k over the next month and a half or so.
But yeah, holiday weekend first. Nothing moves when the banks are closed.
What I'm watching: Can we actually hold above $60k and make a clean higher low? That's the vibe check. If buyers keep showing up at these levels, that's your first signal something's shifting.
Then the real test — can $BTC punch through that $62k-64k zone? That's where the 200-week MA sits, and breaking above it would flip the script on the lower timeframe downtrend. If that happens, alts usually wake up pretty quick.
If both of those play out, those bullish divergences people have been pointing at start to actually mean something. Could set up a move toward $75k-79k over the next month and a half or so.
But yeah, holiday weekend first. Nothing moves when the banks are closed.