BTC Update
BTC overall has been consolidating and taking various hits throughout the past 2 months, this week marks another set of outflows from Bitcoin in the amount of ~89m. Currently BTC is sitting on a support line ~$49,000. Direction for BTC is uncertain as fund flows are moving into alt-coins relative to BTC dominance (~40%). Currently BTC is in a good area for buying and I would be searching for a move up to 59435.62 with first resistance at 53554.78. Historically as BTC moves the crypto market moves but, we might be looking at our next phase of alt-coin season as criticism rises on BTC as the de-facto layer 1 ecosystem.
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