Bitcoin has tumbled recently, testing levels as low as 45K. Even though this was swiftly bought back up, it is not a good sign for Bitcoin, because previously, 48K was holding strong, and thus we are seeing lower lows, a bearish sign. The psychologically important 50K level is now providing resistance, and we've rejected it for now. It does appear that we are seeing support at 48.2K, which was once the hard lower bound for BTC. From here, we should at least come up for air and feel out the current range between 48.2K and 50.8K. Be mindful of the vacuum zone down to 46.2K
Crypto market is undergoing a qualitative transformation IMO. You can see some high cap coins with promising fundamentals that consistently don't really care that much about BTC dips. BTC.D is falling, and I think that it might be something else than "yet another alt season". I believe that BTC.D will find new ATL soon and after that, it will stay below 50 %, maybe permanently.
I would love to see this earlier, but I think that it is happening right now – we shall see whether I am correct in the next months.
Rugpulllll
⋅
What a shit analyse. Before elon btc was always at 36 40k range
texnokrates
⋅
@morbidExpert66481,
Before elon btc was always at 0–40k range