Bitcoin has been seeing some consolidation below $50,000 as a psychological barrier. However, during this pullback, several big altcoins have been surging in price, suggesting that the alt season isn’t over yet.
Meanwhile, Bitcoin’s price faces a crucial resistance to break through, while Ether is already cracking that resistance, hitting a three-month high versus BTC and facing a run toward the next resistance around the all-time high.
The primary question is now whether this Ether breakout is a signal for Bitcoin to follow suit and break through the resistance barriers in September. Historically, September has been a corrective month, meaning that such a breakout may catch many traders off guard.
