📈 Market Overview:
📊 Key Technical Levels:
🚀 Altcoin Market Outlook:
🔍 Final Thoughts:
📢 Stay patient & follow the trend! Are you bullish or bearish? Drop your thoughts below! 🚀📉
- Bitcoin is showing signs of renewed strength and is currently trading above $88,000.
- The Russell 2000 is leading the stock market rally, up over 2%, historically correlated with BTC.
- Bitcoin’s recent low came with bullish indicators, including RSI and MACD curling upward.
📊 Key Technical Levels:
- BTC Dominance: Watching for a rejection at the 0.702 Fibonacci retracement level, signaling capital rotation into altcoins.
- Support Levels: Holding above 200-week MA confirms bullish momentum.
- Resistance Levels: The psychological barrier at $100,000 remains a key target.
🚀 Altcoin Market Outlook:
- XRP remains stable at ~$0.246–$0.247, with potential for a breakout.
- Altcoins could see a strong rally once BTC dominance starts to decline.
🔍 Final Thoughts:
- Bitcoin appears to be in a grinding phase, climbing the “wall of worry” before major FOMO kicks in.
- The current price action aligns with past range-bound consolidations, often unpredictable but bullish in structure.
- Momentum favors the bulls, but expect volatility—just remember, choppy action is part of the process.
📢 Stay patient & follow the trend! Are you bullish or bearish? Drop your thoughts below! 🚀📉
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.