Analysis $BTC 05/22/2025
#BTC , we finally broke the resistance at $107K yesterday and today we broke the resistance at $109,600.00, but things are moving too fast, of course, despite being quite stretched and things heating up too much, we could still push a bit higher, but either way... we need to cool these prices down a bit.
If we only look at the fact that O.I is so high, we could say it's bad, but remember that we are above the ATH, so it is natural to have this scenario, and it doesn't mean we will drop immediately, but we should start thinking about the moment when the price of BTC will stop, because we all know that the (temporary) top is not detected until it has formed, and if you are not ready for that, you will take the wrong action.
I know that now many "analysts" are posting crazy things like "we will go up forever", "to the moon", "Rocket has no Reverse", however, remember that most of them also told you that we were going to $72K when we were heading towards a new ATH, so think for yourself and stop the madness.
That said:
Ideally, we should hold $109K for a while until #altcoin start to wake up and perform better. Today we saw some Altcoins making a timid continuation of yesterday's rise, but it was still nothing compared to the movement we initially expect.
Notice that Bitcoin above $109K has difficulties keeping up with its dominance and is slightly negative today at -0.33%, which is really good for Altcoins, and as it rises, dominance should continue to have more difficulties. It is still unclear if we will need to go to 71% as we have been doing since 2017, but as long as BTC can stay above $109K this shouldn't be a big problem for Altcoins.
In any case, I hope we now have $107K as support (even though we don't have many big buyers there YET, but we should start to change that soon).
Watch BTC and USDT Dominance!
