Bitcoin has broken above the resistance level of $38,000, indicating positive sentiment and potential for a rally higher. Analysts expect a retracement from $40,000 in the near term. Altcoins like Ether, BNB, XRP, Solana, Cardano, Dogecoin, Toncoin, Chainlink, and Avalanche are also being analyzed for their price movements. The charts suggest that these altcoins are experiencing range-bound action and may see potential upsides if certain resistance levels are broken. However, a break below crucial support levels could lead to sharper corrections. Overall, the next two years are expected to be positive for the cryptocurrency market, with key events like the Bitcoin halving and applications for a spot Bitcoin exchange-traded fund potentially driving market activity.
