After the recent rise of Bitcoin, it is still moving within a sideways range between $116,000 and $119,500, with a decline in dominance, giving altcoins a chance to rise.

• The sideways movement continues for now, as there are sectors that have not moved strongly like other cryptocurrencies. Once all sectors finish their upward movement, a correction may begin.

• Corrections during this period are quick and their rebounds are strong, so they should be exploited. The support areas for Bitcoin at Fibonacci levels are:

$116,000

$113,600

$111,000

• The strongest support area is $111,000, so if any decision that affects the market is made, the first two support areas may be easily broken.

• The market remains positive if it closes today above $119,500, at which point we head towards the next target at $125,500$BTC