Bitcoin reclaims $80K zone as BNB, TON, GT, ATOM hint at altcoin season 📈
Bitcoin is struggling to break above the 200-day simple moving average of $84,000. Analysts like Ryan Lee suggest a weekly close above $81,000 is needed for resilience, while Markus Thielen notes market indecision around Bitcoin's consolidation.
Timothy Peterson maintains optimism, suggesting Bitcoin could reach a new all-time high by June. The overall sentiment remains cautious but hopeful, as the market watches key resistance levels for Bitcoin, BNB, Toncoin, Gate Token, and Cosmos.
Analyses for other top cryptocurrencies suggest potential rallies if resistance levels are overcome. BNB faces resistance at the 50-day SMA at $621, while TON, GT, and ATOM are each battling similar technical challenges but show promising signs for future gains.
The broader sentiment towards an altcoin season remains positive, contingent on Bitcoin's performance and the overcoming of technical resistance levels.
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