Bitcoin is actively attempting the retest of the 94-95K resistance. Should it succeed in bouncing, then that opens room for pumps to 100k+

However, the weekly close shows us that the strength is not all there, leading me to believe this breakout is not super likely to be successful. Like flipping a coin, it’s 50-50.

If it fails to hold 94k, then the hopium will fall to 92K to hold, but more likely, Bitcoin will head back towards the 80s.

As for altcoins, a decent few of them are attempting reversals, and a strong bounce on this dip could be pivotal in starting a new uptrend in the alt markets.

For more read today’s Opening Bell Newsletter