Bitcoin reclaims $80K zone as BNB, TON, GT, ATOM hint at altcoin season

Analysts split opinions on Bitcoin’s next price move, but technical charts look promising for BNB, TON, GT and ATOM.

Bitcoin (BTC) is struggling to break above the 200-day simple moving average ($84,000), but a positive sign is that the bulls have not ceded much ground to the bears. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to achieve a weekly close above $81,000 to signal resilience. Selling could accelerate if the price plummets below $76,000.

Another cautious voice was that of Markus Thielen, head crypto researcher at 10x Research. Thielen told Cointelegraph that Bitcoin’s chart structure “suggests market indecision rather than a straightforward bullish consolidation.” Thielen remains doubtful of a strong price recovery in Bitcoin at the current juncture.

Crypto market data daily view. Source: Coin360

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