Craig Cobb: Bitcoin Needs $82,811 as Altcoins Start Leading the Market
Bitcoin remains trapped in consolidation, but Craig is watching $82,811 as the critical level that would end Bitcoin's monthly downtrend. The total crypto market cap has already broken its corresponding level around $2.72 trillion, while altcoins are leading with a monthly higher low and higher high. Craig also continues watching Bitcoin's highly cyclical three-month structure, which he says has historically preceded a new bull market after the relevant high was broken 11 out of 11 times.
Craig then breaks down how he searches for trades when a clean higher-time-frame trend doesn't…
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