Hey friends 👋, what do you think about Bitcoin's performance today and what's happening in the crypto market? 🤔
From my point of view, and as we've explained before, there's a minor correction during the uptrend, especially since Bitcoin's dominance showed a noticeable rise after breaking the uptrend line two days ago on March 24th 📈 and is now climbing again. This is actually very healthy and normal 🧘♂️, and on the contrary, I see the market behaving in a balanced and logical way.
The rule says in all markets, before any rise, there must be a drop to attract liquidity and new buyers 💸. All these are temptations to enter, so I'm very, very optimistic about what's coming next 🚀.
Bitcoin faced fierce resistance around the 88,000 - 88,500 levels and couldn't close positively and fully on the daily timeframe 🛑, so expect it to move in accumulation zones for a period of time, maybe a week or two ⏳. After that, we'll see a good correction scenario, and then let's head to the moon 🌙 at 114,000 - 120,000.
What do you think of this detailed analysis, friends? I'm waiting for your opinions to share our experiences with everyone in this wonderful market 💬.
From my point of view, and as we've explained before, there's a minor correction during the uptrend, especially since Bitcoin's dominance showed a noticeable rise after breaking the uptrend line two days ago on March 24th 📈 and is now climbing again. This is actually very healthy and normal 🧘♂️, and on the contrary, I see the market behaving in a balanced and logical way.
The rule says in all markets, before any rise, there must be a drop to attract liquidity and new buyers 💸. All these are temptations to enter, so I'm very, very optimistic about what's coming next 🚀.
Bitcoin faced fierce resistance around the 88,000 - 88,500 levels and couldn't close positively and fully on the daily timeframe 🛑, so expect it to move in accumulation zones for a period of time, maybe a week or two ⏳. After that, we'll see a good correction scenario, and then let's head to the moon 🌙 at 114,000 - 120,000.
What do you think of this detailed analysis, friends? I'm waiting for your opinions to share our experiences with everyone in this wonderful market 💬.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.