RIFBTC is now trading above MA200, not only that but today's candle is actually moving higher, which means that this level is now confirmed as conquered, it worked as support.
This implies that the next move is a challenge of resistance; The next major move after the January 2023 bullish wave is now about to take place for this pair.
We have a major long-term higher low:
➖ Main low January 2023.
➖ Higher low October 2023.
Bullish RSI and the ALTSBTC pairs ready to grow really strong.
👉 These pairs tend to move when Bitcoin is trading near a top. When Bitcoin tops or is close to topping, the Altcoins vs Bitcoin (ALTSBTC) pairs move ahead.
This is the market phase we are entering now.
Thank you for reading.
Namaste.