Bitcoin Consolidation vs. Altcoin Rally: Chart Analysis Highlights

Bitcoin’s trading range has sparked intrigue among analysts, who are cautiously eyeing a potential breakout above $86,000. Ethereum, meanwhile, continues to struggle near a crucial support level, with Solana’s strong performance possibly driven by reduced exchange supply. Meanwhile, the total crypto market cap excluding Bitcoin (TOTAL2) has broken out of a bullish falling wedge. Bitcoin’s trading range, with prices hovering around $85,190, reflects a tight consolidation near critical support at $83,627. Traders are observing for any breakthrough above resistance or a dip below support levels.