Good morning Crypto traders! Bitcoin has reached a new milestone, hitting an all-time high at $125K, along with the Crypto TOTAL market cap. More upside is expected in October, especially considering that ALTcoins still have plenty of room for further gains. Crypto TOTAL market cap chart may be progressing in the final wave 5 of V, but the rally could extend toward the $4.5T–$5.0T target area before this bullish cycle ends later this year. Just watch out for short-term corrective pullbacks.

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Bitcoin is in a new and strong recovery mode in the 4-hour chart due to the US government shutdown, and now that it's breaking all-time highs, it seems like it has room for more upside towards 130k-140k or maybe even 150k area. While most of ALTcoins look bullish and have space for further gains, we may also see a strong and impulsive bullish continuation, where we see a break out of a wave B bullish running triangle pattern on a daily chart, which can extend the rally within wave C by a new five-wave bullish impulse, just be aware of wave (2) pullback that can revisit the support around 120k area.

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Regarding dominance in the Crypto market, BTC.Dominance chart continues to recover compared to the ALTcoin.Dominance chart, and that's why BTC is currently stronger. However, it may be completing wave “a” of a larger abc corrective recovery within wave B. This suggests that with a potential pullback in subwave “b,” ALTcoins could temporarily take the lead and extend even higher, especially if BTC and the entire Crypto market remain under bullish pressure. Any short-term drop should be viewed as a corrective pullback and a buying opportunity for longs.

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