Hello people, welcome to this quick update on BTC.
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BTC bounced back from the $44.6k support level and it is currently facing resistance at $47k. In order to rally higher, BTC must get rid of $47k and $48k resistance levels. If BTC breaks through these resistance levels then $52k will be the next target. This means the USDT Dominance will break down its 3.77% strong support level. If at all BTC breaks down then $44.6k will still hold as support for BTC.
Altcoins on the other hand stood strong during the retracement. Looks like April 2022 (the beginning of the 2nd quarter) will be good for the market.
I will update more on this until then stay in touch and trade safely.
If you are viewing my ideas for the first time then I request you to click the follow button for more interesting updates.
BTC bounced back from the $44.6k support level and it is currently facing resistance at $47k. In order to rally higher, BTC must get rid of $47k and $48k resistance levels. If BTC breaks through these resistance levels then $52k will be the next target. This means the USDT Dominance will break down its 3.77% strong support level. If at all BTC breaks down then $44.6k will still hold as support for BTC.
Altcoins on the other hand stood strong during the retracement. Looks like April 2022 (the beginning of the 2nd quarter) will be good for the market.
I will update more on this until then stay in touch and trade safely.
