Hi traders, looks like the market might have reversed.

Here's why.

Bitcoin.

• Price broke out of that downwards bullish channel thanks to a monster of a short squeeze...

• We're now back into more bullish territories although I wouldn't be surprised to see Bitcoin first come down to retest the $7700 area for support:

• If we successfully establish a floor there, it's likely the market will slowly start ramping its way up to $11k where I have my final sell targets ready.

Altcoins.

• Due to BTC ramping up again, a few mid-cap altcoins have started going nuts (GNT)

• This tells me altcoin season could be just around the corner, provided Bitcoin continues going up or consolidates.

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