Bitcoin dominance chart on the daily has broke above the trend and now trading above its 50ema.
A move to the 200dma is expected especially that there is a bigger double bottom pattern in play that starts from may 2021.
ALSI/J200 held support into the 59000 mark with positive RSI divergence 2 weeks ago,
Right now we it is trading at the upper end of this year long consolidation with a Bull flag breakup happening today
A close above 63000 today confirms the breakout.
Reward to risk 2.5 : 1