Each day that BTC remains in this consolidation box increases the chance of Bitcoin remaining in a trading range. The lower the Bitcoin price, the less explosive a possible altcoin move will be. Conversely, the lack of momentum on Bitcoin’s part could be an indication that money is about to rotate into the altcoin market. Our window for a move in the altcoins is from July to early August. However, after that timeframe, we feel there is a high probability of a countertrend move in the market.