Bitcoin has met expectations. Both yesterday's (about ATH when the dollar index falls below 100) and forecasts about updating ATH in May.
A new ATH is now set, currently at 109845.
Ahead is the psychological level of 110K. Either it will be taken immediately or after some rollback.
UPD. Let's go with the rollback option.
All this is happening against a not particularly positive external background. American indices are slightly negative, yields on 10-year bonds are already above 4.55%, only the decline in the dollar index, which is already below 99.50, is positive.
UPD. Stock indices have fallen much more. The main reason is the rise in bond yields.
Altcoins are not showing significant growth. Dominance index is 64%, Ethereum below 2600, Solana below 180.
- I remind you that at the same time I talked about the ATH for Bitcoin, I also mentioned Ethereum at 3K and Solana at 200. And also by the end of May.
The first part of the forecast has worked out, let's see how the second part performs.
The growth of altcoins (at least, the Top) is inevitable. Because that's how market cycles work.
The forecast for the next 24 hours - Bitcoin in the range with a lower boundary at 105000-104000 and an upper boundary at 110000-110200.
An alternative option is consolidation above 110200.
"TAKEN FROM THE MAIN CRYPTO CHANNEL"
