$BTC
Despite satisfactory announcement of unemployment data, #BTC has failed to reclaim 100k level. In my opinion, it seems like #BTC is gearing up for a retest of lower levels. 91k gave a good bounce last time. Let's hope we can hold above 90k in the retests. If not then, we could very well be touching 85-88k which appears to be a good support range.
I would not call it as entering fear phase though, as this dip may be due to profit taking by the investors. With the governments stepping in to add BTC in their sovereign funds, future of crypto seems very bright.
On the other side, we have been watching heavy buying in $ETH . Are we going to see the start of an alt season with the next dip? Let's hope for the best.
The views expressed above are writer's personal views/analysis, and they should not be relied on or contrued as a financial advice. Do your own research and analysis before investing in the market.