Market sentiment is shifting towards caution as Bitcoin consolidates above $60,000. Traders are eyeing the 20-day SMA as a key level of support, while bulls await a breakout above $62,000. Meanwhile, altcoins are flashing green, with Ethereum and Litecoin leading the charge. Stay alert and adapt your strategy to the evolving market landscape.

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Agreed, the 20-day SMA is a crucial level to watch. If Bitcoin holds, it could be a good sign for a continued upward trend.