🚨 Market Update - 👀
Bitcoin has now reclaimed the demand zone at $118k - $117k after deviation below yesterday. It is now facing 4hr resistance at some key levels- $118.8k (Monday Low) - $119.6k (Previous Week High.) If these levels are reclaimed on the 4hr timeframe then there is a good chance that it pushes back towards the highs and likely BTC dominance will increase too.
If we see continued rejection from the resistance, and choppy price action on Bitcoin, then we can expect altcoins to continue to outperform. BTC needs to react from any retest at $117k - $116.8k, but lose this and I am still looking at below $114k.
#CryptoDawar #BinanceHODLerERA #AltcoinSeasonLoading #BinanceTurns8 #BTC