Crypto market is extending higher as anticipated – ALT season and summer rally?
Crypto market is trading nicely bullish as expected and it’s now extending even higher, as we have been talking a lot about in the last month.
On June 6th we warned about a higher degree ABC corrective setback that can retest 3.0T support area before a bullish continuation. CLICK HERE.
Crypto TOTAL four-hour chart from June 06
Later on June 24th we mentioned and highlighted a completed ABC correction within bullish trend that can extend the rally within wave (3). CLICK HERE
Crypto TOTAL four-hour chart from June 24
As you can see today on July 10th in a closer view, Crypto TOTAL market cap chart is breaking nicely higher above channel resistance line as anticipated, so looks like wave 3 is in full progress with space for more gains, just watch out on short-term pullbacks.
Crypto TOTAL four-hour chart
Notice that BTC dominance also keeps falling after that projected wedge pattern, which can easily send it even lower, so ALTcoins can do well in upcoming days, as we might be in the ALTseason. Summer rally?
BTC Daily Chart
For a detailed view and more analysis like this, you may want to watch below our latest recording of a live webinar streamed on July 7 2025:
Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.
Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.
Author
Gregor Horvat
Wavetraders
Experience Grega is based in Slovenia and has been in the Forex market since 2003.
