When you zoom out and look at the bigger picture, you can see that coins like CRV - still down around 98% from their 2021 highs - have already broken their major downtrend and are now in the retest phase 👀
Once this retest is complete, #CRV could be positioned for a massive move higher.
A 10–15x rally from these levels is not out of the question if the #altcoin market enters a strong expansion phase 👽
Price managed to close above the March high with a strong bullish candle.
So what’s next? 👀
I think one more move down toward the trendline is possible - not necessary, but definitely possible. If it happens, be prepared to long the market, especially strong-looking #altcoins
Overall, I believe the market is forming a higher low that could lead us toward the 90k region in the near future 🚀 #Bitcoin
As long as we stay above 74.5k on the higher timeframes, we are in a good position.
I think we’re going to revisit the Flat Monthly Open around 76.2k today or tomorrow - possibly with a bit more downside before reversing into the end of the month.
Losing 74.5k would be very bearish, so that’s the key level we need to monitor over the coming days. #Bitcoin #Crypto