BTC Analysis 12/08/2025
Truly amazing, gentlemen!
Week after week the bears are being torn apart here and they never learn hahaha.
In the green range that I drew in the last analysis was literally where the BULLS reacted as expected and soon we went to attack $123K again.
It really looks very good and ready for a new ATH soon, notice that today we have already started to form a support above $118K, which should be the new level for the BULLS to defend and attack higher.
We improved a bit on the indicators, even though we are still quite hot on the RSI, anyway I will say the same thing I said in the last ETH analysis...
JUST BECAUSE WE ARE HOT HERE DOESN'T MEAN WE NEED A CORRECTION NOW, RELAX AND LET THE PRICE WORK.
It's important to remember that the EMAs have acted very well here, and of course, the bottom was found again in the first week of the month.
Despite liking the price of #BTC, I am still focused on its dominance, which today took a big dive and helped the Altcoins to rise, we broke an important level there (60.37%) and also as I expected, we had a major recovery across the market (check the analysis I posted about dominance).
As the price rises to $130K, the dominance moves to 58.66% which is our most important level, since with that, it will likely put ETH above $4,800 and with that we continue a major rise in smaller Altcoins.
As long as the crowd is calling for down, it is safe for up, remember; THE CROWD IS ALWAYS WRONG!
If you didn't take the opportunities to buy good Altcoins, then you are to blame for the bad luck.
We are heading to $130K, relax.
