BTCUSDT Analysis by @CryptoGooss

The analysis indicates a bullish outlook for altcoins, highlighting a golden cross on the TOTAL2 chart, a pattern last seen in November 2024. The altcoin market has already risen by 20%, with a potential 50% gain still anticipated. It suggests that the altcoin season is on the verge of commencing, emphasizing the importance of consolidation of Bitcoin within a specific range to facilitate further growth in the altcoin market. Ethereum is currently outperforming Bitcoin, a trend expected to persist. For BTCUSD, the analysis points to it coiling within a range between 116000 and 122000, awaiting another move higher, following global liquidity trends. ETHBTC has broken out of a downtrend and its resistance is at 0.17, establishing a new higher high. There are positive inflows into the Bitcoin ETF, and increased positive inflows for the Ethereum ETF and BlackRock has recently bought almost 500 million dollars worth of Ethereum.