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BTC: $ 29,200 ETH: $ 1,800 BITCOIN DOMINANCE 49.65% TOTAL MARKET CAP $ 1.14T Crypto Fear & Greed Index: 52
📊At the moment, Bitcoin is still in stagnation, but now it is more focused on the breakdown of local inclined support.
There was also news that a large amount of BTC worth about $ 275 million was imported to the exchange.
As before, I expect to see a further decline in the first cryptocurrency within the wave ABC structure. I expect a similar scenario from the dominance of the BTC.
BTC: $ 29,100 ETH: $ 1,800 BITCOIN DOMINANCE 49.73% TOTAL MARKET CAP $ 1.14T Crypto Fear & Greed Index: 51
📊Yesterday, in the evening, Bitcoin completed another trade by going down, as it has already happened the last few times. The current local support of $ 29.200 does not look confident and there are no prerequisites for the end of the correction.
I expect a reversal from deeper values, which we will reach after breaking through the $28.850 support, where the 0.382 Fibonacci level is located. If after the retest of the uptrend line and the global support area around $ 28.200, where the EMA 100 also passes, we see a successful rebound, then we can talk about the resumption of the uptrend.
There is still a long way to go before the end of the year, when the distribution phase usually begins, and bitcoin has chances to grow or hold on to current values.
BTC: $ 29,400 ETH: $ 1,800 BITCOIN DOMINANCE 49.79% TOTAL MARKET CAP $ 1.15T Crypto Fear & Greed Index: 51
📊Globally, the last FRS meeting did not affect the direction of the price. The asset showed an impulse movement to the lower limit of the resistance area - $ 29.666.
But the price could not gain a foothold, however, after the return, a slow recovery continued and all the support resisted.
Volumes are still insufficient and it is too early to talk about the end of the correction. Uncertainty remains the main feature of the market. To continue the growth, it is necessary to gain a foothold above $ 29.666, but having collected enough liquidity of shortists from above, the asset may collapse to upward support.
BTC: $ 29,200 ETH: $ 1,800 BITCOIN DOMINANCE 49.94% TOTAL MARKET CAP $ 1.13T Crypto Fear & Greed Index: 51
📊Overnight, bitcoin was able to stay above the level of $ 29,000 and at the moment grew to $ 29,400. Volumes are gradually growing.
Now, the price is moving close to the moving average EMA 100. Its breakdown may provoke a further fall to the uptrend support line.
Statistically, this year's FRS meetings, under any circumstances, ended with growth. However, the proximity to the upward support provoked the collection of liquidity up to the line, and only then the price showed a strong growth. Based on this, two options are possible: a slight recovery to the level of $ 29.700 right now or an impulse decline, with a shadow before the uptrend and only then, the recovery to the lost positions.
BTC: $ 29,100 ETH: $ 1,800 BITCOIN DOMINANCE 49.97% TOTAL MARKET CAP $ 1.13T Crypto Fear & Greed Index: 50
📊Bitcoin pierced the level of $29,000 and even went lower, to $28,860. The Fibonacci levels fully justified themselves and the price turned around at the support, about 0.382 level.
The FRS is meeting tomorrow to change the key rate. Despite the fact that bitcoin most likely does not depend on its values directly, whales need a reason for price fluctuations. All the layouts in which the rate does not decrease should have a favorable effect on the asset price.
However, if everyone is waiting for growth and will enter positions, then there is a chance to go even lower and collect there is enough liquidity before the upward movement. At the beginning of the year, Bitcoin formed an upward trend support line, which can be tested again, at the level of $ 28.150 and 0.5 Fibonacci. From there, we can expect a powerful payback and a strong upward movement.
BTC: $ 29,700 ETH: $ 1,800 BITCOIN DOMINANCE 50.10% TOTAL MARKET CAP $ 1.15T Crypto Fear & Greed Index: 55
📊The key levels have not been broken through and we still remain in the sidewall. The rejection of moving averages did not give the expected negative effect.
Now the price is in the hands of the whales, they decide where to go, driving the hamsters in the right direction. Recently, the volume has become even less.
It remains to be hoped that on the 26th, when the FRS makes another decision on the key rate, volatility will recover a little. At the same time, the market most likely laid the expected increase and there may be no changes. You always need to be prepared for the worst, in our case, for a correction to the level of 0.382 Fibonacci, about $ 29,000.
BTC: $ 29,900 ETH: $ 1,800 BITCOIN DOMINANCE 50.07% TOTAL MARKET CAP $ 1.16T Crypto Fear & Greed Index: 54
📊For a general understanding, today I decided to consider Bitcoin more positionally (and there is nothing to look at on lower timeframes, because the market is worth it).
Technically, there has already been a transition to the area of $ 31,900 for Bitcoin, which means that the fifth wave (both in the junior structure and in the senior one) it can already be formed.
Thus, a correction from the current values can develop into a movement up to 20 - 25k $ with subsequent long accumulation.
So far, I do not know which scenario will be implemented, but in any case, short positions still prevail.
BTC: $ 29,900 ETH: $ 1,800 BITCOIN DOMINANCE 49.83% TOTAL MARKET CAP $ 1.16T Crypto Fear & Greed Index: 52
📊The weekend has come, volatility in the market is expected to be low, sharp movements in the market are not expected. All that remains is to observe. The price has not been able to gain a foothold above 30k, but Bitcoin has all the prerequisites for this.
BTC: $ 30,200 ETH: $ 1,900 BITCOIN DOMINANCE 49.86% TOTAL MARKET CAP $ 1.17T Crypto Fear & Greed Index: 56
📊This time, Bitcoin did not react in any way to new ETF applications and the strengthening of the main indices of the American economy.
The price has risen above $30,000 several times, but has not been able to gain a foothold, however, the asset no longer looks as bearish as yesterday. The lack of volumes makes it difficult to make confident assumptions.
It is worth paying attention to the moving average EMA 200. As long as we are higher, the price retains the opportunity to go higher. Otherwise, the breakdown of the indicator will mean another collection of liquidity from below.
BTC: $ 29,900 ETH: $ 1,900 BITCOIN DOMINANCE 50.00% TOTAL MARKET CAP $ 1.16T Crypto Fear & Greed Index: 50
📊Bitcoin carefully removed liquidity at the lower border of the $29,500 sidewall, and recovered above the $30,000 support, with good volume.
Despite the rapid return of positions, the asset did not demonstrate the expected deviation beyond consolidation, as it was within the last Pump to $ 31,820. Also, the bearish divergence on the MACD is clearly visible.
It follows from this that one of the options may be a smooth fall, however, it is unlikely to be critical. But if the price stays above the moving average EMA100, the forces may be enough to retest the upper limit.
BTC: $ 30,000 ETH: $ 1,900 BITCOIN DOMINANCE 50.14% TOTAL MARKET CAP $ 1.16T Crypto Fear & Greed Index: 56
📊That night, Bitcoin finally took some of the liquidity from below, reaching $29.630. I doubt that this is all they decided to scare us with and now a sharp trend change will follow.
There are no prerequisites for the transition to an active growth phase, market and industrial indices have also declined. However, the drawdown was immediately repurchased, and the influx of new investments has become a record in recent times.
Trading volumes are gradually increasing and we still remain within the boundaries of the 25-day consolidation, with the prospect of an uptrend. But for now, it is impossible to talk about an imminent breakthrough or breakdown, as well as to find a reason for long-term investments.
BTC: $ 30,200 ETH: $ 1,900 BITCOIN DOMINANCE 50.07% TOTAL MARKET CAP $ 1.17T Crypto Fear & Greed Index: 54
📊A new week has come, and Bitcoin is still trading in a very narrow range of $30.200 - $30.300.
There is no volatility, as well as volumes, on the market right now, so I don't expect anything from the #BTC yet.
Altcoins feel noticeably better due to the fact that the Dominance has adjusted to 50.0%. I think this narrative will continue and we will see a decline to 44-45% in the fall.
BTC: $ 30,300 ETH: $ 1,900 BITCOIN DOMINANCE 49.87% TOTAL MARKET CAP $ 1.18T Crypto Fear & Greed Index: 56
📊Bitcoin once again impulsively corrected from the upper limit of the channel and tested -29.900 $.
The manipulation was quite obvious. Such things happen in the #BTC range absolutely always.
As for the future prospects, I think that the price will still follow the marked trajectory and will show a slight correction before the main (fifth) wave of growth in order to remove liquidity.
BTC: $ 30,300 ETH: $ 1,900 BITCOIN DOMINANCE 49.87% TOTAL MARKET CAP $ 1.18T Crypto Fear & Greed Index: 56
📊Bitcoin once again impulsively corrected from the upper limit of the channel and tested -29.900 $.
The manipulation was quite obvious. Such things happen in the #BTC range absolutely always.
As for the future prospects, I think that the price will still follow the marked trajectory and will show a slight correction before the main (fifth) wave of growth in order to remove liquidity.
BTC: $ 31,200 ETH: $ 2,000 BITCOIN DOMINANCE 50.00% TOTAL MARKET CAP $ 1.21T Crypto Fear & Greed Index: 60
📊Yesterday, Bitcoin showed a very good momentum in long against the background of news on XRP (the American court did not recognize the coin as a security).
However, so far the buyer's forces are not enough to break through the resistance area of $ 31.000 - $ 31.450, so the price remains within the sideways.
In the meantime, the dominance quickly adjusted to 50.0%, but this movement was ensured only by a sharpincrease in #XRP. The rest of the altcoins did not show much success against the background of #BTC.
BTC: $ 31,200 ETH: $ 2,000 BITCOIN DOMINANCE 50.00% TOTAL MARKET CAP $ 1.21T Crypto Fear & Greed Index: 60
📊Yesterday, Bitcoin showed a very good momentum in long against the background of news on XRP (the American court did not recognize the coin as a security).
However, so far the buyer's forces are not enough to break through the resistance area of $ 31.000 - $ 31.450, so the price remains within the sideways.
In the meantime, the dominance quickly adjusted to 50.0%, but this movement was ensured only by a sharpincrease in #XRP. The rest of the altcoins did not show much success against the background of #BTC.