CRYPTO MARKET CAP - Finally Time to Level Up?

Question: If a bear dies on the market but everyone is too busy buying, does it make a sound? Rhetorical question, but if it did I imagine it would sound like Chewbacca.

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Looking at the Market Cap 1D chart for cryptocurrency. We're sitting right at the previous resistance level, a troublesome place where we have been rejected 3 times so far! The bull run-ender historically.

The last time was of course the dip at the beginning of September, we then dropped to the bottom of the channel.

We're right in the middle of the channel now, with an extremely bullish breakout from price consolidation with great volume.

Some factors I think are going to play into us breaking through this time:

• BTC has conquered 12k and is at 12.9k right now, with short term consolidation at that level. I expect a bit of a dip back down the 12.5k level as money spreads around the market.
  
• Alts sold for btc draining value down to supports > btc goes up > new money comes in to market once alt liquidity is used > btc consolidates and money spreads to the whole market.
  
• We literally just started the bull trend rebound off key support on dozens and dozens of charts. Meaning there's headroom across the markets.
  
• Since we're in the middle of the channel, I would expect a short term correction to hit at some point. Nothing major, then continued growth to complete the move up.
  
• We're hitting the squeeze point of the channel, the tip of the triangle, if you will. Where the price has to either break resistance or break the trend. Given the strength of the uptrend over the last while I think this is the best chance we've had to break loose.
  

If we are going to get a small correction it will be around where we're at now, so be a little bit careful and watch things. Once we're clear of this level I believe the whole market will pop up to the marked purple area based on previous resistance. Once we get there, we'll see what happens!!

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