I’m looking at this chart and can see that the curved resistance above has repeatedly capped price and rejected multiple breakout attempts.
That said, I can confidently say that the more times price interacts with a level, the higher the probability of a breakout. In this case, I agree that the odds favor an eventual break higher.
That’s why I remain bullish on the
$OTHERS /
$BTC chart and continue to hold the view that, over time, altcoins from the
$OTHERS sector will significantly outperform BTC.
Therefore, my bias remains unchanged -
$ETH and altcoins. This is not about my preferences – it’s what the data and multiple arguments are pointing to
Potentially the first 2-Week orange candle close above the momentum line for
$OTHERS vs
$BTC since 2021.