Price is quite far away from the 20-Day MA and has tested the all-time high for #Bitcoin. That's a great sign of strength, although I still think that we'll have a slight consolidation before a big breakout happens. That consolidation should be a good period for #Altcoins and I think that we'll continue to have a period where altcoins outperform #Bitcoin when Bitcoin breaks the ATH. Very similar to the previous breakouts in 2016 and 2020.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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