Today the price of BTCUSDT is at a critical point,
where it will be decided the future movement of
Bitcoin price for the coming weeks.
To understand the logic of our thoughts in the
analysis, we recommend seeing our previous
idea of the BTCUSD pair.
We need correction of BTC price movement for
exact understanding of "where to go next". The
correction to the area of $45000-46000 will be
enough for growth continuation with the first
targets around $60000-63000.
If the correction will be deeper, to $42000 and
lower, it will mean that buyers decided to have a
rest, and as a consequence – the fall can
continue according to one of the red scenarios.
Also, you should notice that very few alts are
rising after Bitcoin. In particular, last night and
night the value of BTCUSDT was growing, but the
value of most of the alts in pairs with USDT was
standing still or even fell a little bit. All because
alts in pairs to BTC were pouring quite strongly,
and the dominance of BTC in the cryptocurrency
market is growing.
where it will be decided the future movement of
Bitcoin price for the coming weeks.
To understand the logic of our thoughts in the
analysis, we recommend seeing our previous
idea of the BTCUSD pair.
We need correction of BTC price movement for
exact understanding of "where to go next". The
correction to the area of $45000-46000 will be
enough for growth continuation with the first
targets around $60000-63000.
If the correction will be deeper, to $42000 and
lower, it will mean that buyers decided to have a
rest, and as a consequence – the fall can
continue according to one of the red scenarios.
Also, you should notice that very few alts are
rising after Bitcoin. In particular, last night and
night the value of BTCUSDT was growing, but the
value of most of the alts in pairs with USDT was
standing still or even fell a little bit. All because
alts in pairs to BTC were pouring quite strongly,
and the dominance of BTC in the cryptocurrency
market is growing.