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Bitcoin currently trading above both the Daily and Weekly Open, surpassing the $52,000 mark once again. The market seems to be in a sideways movement, suggesting potential volatility when the global market opens.

In the recent Weekly close, Bitcoin broke the downtrend resistance and reclaimed the key level of resistance from December 2021. This resulted in a weekly close above $52,000, establishing it as a current support level. The heatmap indicates a significant liquidity area between $53,000 and $53,400, possibly influencing the price in the coming hours. Losing the $52,000 level would highlight $50,500 to $50,000 as a crucial support zone.

The altcoin marketcap (TOAL2) continues its upward trend after the breakout. In the upcoming days, we expect a challenge of the major resistance area. Altcoins are demonstrating strong upward momentum, a cautious approach with tight stop-loss and aggressive profit taking strategy due to a potential rejection from the resistance zone is smart.

As we observe how the Monday range forms, it's important to note that it's President's Day, leading to the closure of the US stock market. Despite this, there are promising trading opportunities ahead, given the current bullish market conditions. Exciting months lie ahead, especially with the approaching BTC halving!