‘Strong bullish setup’ for Bitcoin, ‘biggest altseason since 2017’ on horizon

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There is a hidden theme to this episode: sometimes, a lack of change can indicate a major change to come. Bitcoin’s price spent the weekend mainly around the same level, but analysts point to a “strong bullish setup” as the consolidation period extends. Yuga Labs, the creator of the Bored Ape Yacht Club NFTs, has begun restructuring to overcome stagnation and get the company back to its roots. Ethereum network fees hit a six-month low, but that gradual decline might indicate an incoming altseason — and a big one at that.
Further reading:

• Bitcoin chart bull flag is a ‘strong bullish setup’ — Analyst
• Solo Bitcoin miner wins the 3.125 BTC lottery, solving valid block
• ‘Lost’ Yuga Labs restructures again, with layoffs, new executive
• Google Cloud’s Web3 portal launch sparks debate in crypto industry
• 6-month low Ethereum fees suggest altseason is inbound — Santiment
• Crypto trader sees best ‘altseason’ since 2017 as Bitcoin price cools

References:

• Google Cloud Web3 Portal

So, grab yourself a coffee, and let’s get into it!

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