Bitcoin (BTC) is narrowly consolidating while trading above $86,000 at the time of writing on Monday. The largest cryptocurrency by market capitalization is also holding in a broader range, with short-term support at $85,000 and resistance at $88,000.

Altcoins, on the other hand, show a positive outlook, with Ethereum (ETH) edging higher above $2,700 while Ripple (XRP) steadies above $1.52. The path of least resistance remains upward, with buyers taking on more risk.

Broadly, risk appetite in the crypto market is firmly positive, as reflected in the Fear & Greed Index, holding at 70 in Greed territory on Monday, up from 65 the day before. If this bullish outlook holds, buyers will take control of the trend, raising the odds that the…