Bitcoin

Resistance

<ul class="wp-block-list">
  
 <li>TOTAL3 has formed an ascending channel, signaling strong buying pressure near historical resistance levels.</li>   
 <li>Patterns from previous altcoin market cycles indicate that a breakthrough past TOTAL3's ATH may precede a major market shift.</li>   
 <li>Market trends suggest tracking resistance levels as TOTAL3 progresses toward a potential breakout by Q1 2025.</li> 
</ul>   
<p>A highly volatile and constantly evolving market that has long been at the core of numerous discussions, the altcoin market is again in focus. The market participants are observing TOTAL3, an indicator of total market capitalization of altcoins excluding Bitcoin and Ethereum. <a href="https://cryptonewsland.com/altcoin-market-set-for-2-trillion/" target="_blank" rel="noreferrer noopener">TOTAL3</a> has been rising in a fairly steady manner towards the ATH which is a crucial level of resistance that nobody wants to break.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-historical-cycle-comparison">Historical Cycle Comparison</h2>   
<p>A comparison of the two major market cycles indicates that the contracts enjoy a similar pattern formation process. As seen from the period 2017-2021 consolidation phase was elongated with considerable price breaks, and the market set up fresh technical floors after long periods of accumulation.</p>   
<p>Recent price action indicates the creation of an<a href="https://cryptonewsland.com/altcoin-market-to-peak-by-early-2025-major-gains-predicted-for-investors/" target="_blank" rel="noreferrer noopener"> ascending</a> channel after getting out of a multi year range bound phase. The technical structure also resembles the behaviors of previous cycles based on the consolidation length and breakdown pattern.Based on selected technical parameters, an on progression towards the end of the current cycle could be expected before Q1 2025.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-pattern-recognition-analysis">Pattern Recognition Analysis</h2>   
<p>The current failure structure shows a series of higher lows in a defined range, proving the sustained buying pressure. Such a formation is technically close to patterns of the 2021 market phase, while current conditions differ.</p>   
<p>Sources of market data showed that the all-time high level is one of the major technical thresholds commonly referred by players in the market. Looking to previous historical high-performance patterns, it has been found that in every case, the breakthrough of previous resistance levels is a reliable leading indicator.</p>   
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   https://twitter.com/el_crypto_prof/status/1870409115656396973 
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<p>The major market trends A mark the breakthrough of previous B levels of resistance appear to support this conclusion subsection Up to now, the patterns of previous high performance have to be tested in the actual market conditions.The technical composition implies further tracking of the essential resistance levels up to early 2025 due to previous tendency of market shifts after the successful testing of previous highs.</p> 
<p>The post <a href="https://cryptonewsland.com/total3s-approach-to-ath/">TOTAL3’s Approach to ATH: This Resistance Level Could Define Q1 2025</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

TOTAL3’s Approach to ATH: This Resistance Level Could Define Q1 2025

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