Bitcoin’s Potential Breakout Could Ignite Altcoin Rally: Analyst

Bitcoin is approaching a crucial trendline break, potentially triggering a surge in the altcoin market, according to analyst Dan Gambardello. Analyzing its weekly chart patterns, Gambardello highlights the RSI momentum oscillator breaking a multi-month trendline, historically associated with substantial price increases when Bitcoin surpasses such resistance points. He emphasizes the importance of both a strong closing on the current weekly candle and a break above the yellow lower high trendline on the RSI indicator to confirm this bullish signal.