Given the price action, the best way to look at altcoins is to look at Total Market Cap, excluding Bitcoin ( BTC ). Right now, the total crypto market cap excluding Bitcoin ( BTC ) has made it to its 100-day moving average.

As we see it, the most important thing for the crypto space is for coins other than Bitcoin ( BTC ) to take out its crucial resistance levels. Once the critical resistance levels get taken out, then picking individual altcoins will be a more straightforward process.

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