Probably, BTC Overall has been consolidating and taking various hits throughout the past 2 months. Currently BTC is sitting on a support line $49k direction for BTC is uncertain as fund flows are moving into alt-coins relative to BTC dominance
(~40%).
Price dipped back to the major support level which is the potential bounce area. It's our ideal condition and now you can expect a bullish move from here. Alternatively, if it breaks this zone then the price can face a short-term correction.
