$BTC Bitcoin has corrected by 30% from its peak at $76,000 - $78,000, which is a healthy and natural correction within the upward trend. Currently, there are strength signals indicating a possible end to the correction and a transition into a consolidation phase, as we observe an increase in trading volumes (high volume) alongside positive divergence, which enhances the chances of a trend reversal.

We may witness a retest of the recent low or a slight drop below it, but in the worst scenarios for this year, we will not see levels lower than $73,000. With the end of the correction, Bitcoin is expected to enter a bullish consolidation phase towards $100,000 by May, followed by an attempt to break the historical peak and continue the upward trend towards targets exceeding $150,000.

Ethereum Analysis

After more than 18 months of holding above the $2,150 - $2,000 level, Ethereum broke this support, but it rebounded from a strong demand zone extending between $1,750 - $1,500, which is an area expected to support the price for a long time. Based on this, there is a high probability of the price returning to levels of $3,700 - $4,100 in the coming months.

Bitcoin Dominance Analysis (BTC.D)

Bitcoin dominance is trading at peak levels within a triangle pattern, indicating the nearing end of the upward wave. Even if it records an additional rise, it is unlikely to exceed 63%. Once the 60% level is broken and the weekly close is below it, we will witness the beginning of a decline phase in dominance, which may open the door for a strong recovery of alternative currencies.