I recommend buying Bitcoin as the price is ready to go much higher in February. The current price is 98,000, and I expect Bitcoin to hit 111,000 in the immediate short term. 111k is a strong resistance because it's the top of the ascending parallel channel. Bitcoin has been in this channel for 91 days since November 2024. Then later this year in summer, Bitcoin will reach 125k.
But we should focus on altcoins in the next months! Why? Because a huge alt season is starting! Let's take a look at the BTC.D (Bitcoin Dominance) chart because this is the major indicator of altcoin seasons.
As per my analysis, the price recently hit a strong resistance and needs to go down to 48%. We could experience the greatest alt season in years, so be ready! Make sure you have the right altcoins. Ethereum is definitely one of the altcoins that will outperform Bitcoin in the next months.
I am very bullish on Bitcoin and on the overall crypto market for the next weeks and months! Now is the time to buy, but let me know in the comment section, what do you think?
Trade at your own Risk 👍
Best Regards, Trade Cryptocurrency
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