Bitcoin shows many swings together with its dominance growth comparing to altcoin. It is a good sign for crypto . It may take some time for BTC to increase dominance but we see the beginning of this trend
If we analyze the dollar index and bitcoin chart, we will see that the place where DXY reached its peak was a local bottom on bitcoin. Now DXY has approached resistance and if it does not break through, then there is a big chance of a bottom formation and the start of a bullish trend for bitcoin. But this does not mean that bitcoin will not go lower in the near...
In the medium to long term, I look positively at bitcoin, but it is also now highly correlated with the US market that we saw yesterday. Now banks have started predicting a recession this or next year. I don't like that bitcoin couldn't hold 45k. Now the path is open for test 41800 - 42300$. It is very important to keep these zones in order to go to the 48k...
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(votes, discounts on the purchase of...
Polkadot buy zones
Buy zones in case of btc fall
1st - now
2nd - 11-13$
3d - 4-7$
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After such sharp impulse I expect consolidation between 8900-9400$ . Holding this zone is good sign for following growth to 12 000$ and 14 000$ . Fall under 7600$ cancel positive and neutral scenarios.
Bitcoin now is in local down trend , but globally Bitcoin made huge and strong impulse and now it makes a correction . Correction is not so agressive , we have big volumes on it . So now price may form a higher low in the big trend . The 6k$ zone is a good point for higher low and as a buy price for big players. Going under 6k cancel positive scenarios .
LINK shows strength and good growth while market fell. The perfect buy point is after fixing above 3$ resistance, also breakout should be on great volume .
1st target is previous high
2nd target is 1.618 FIBOlvl