๐ Current Situation
- Bitcoin dominance: 63.90% (down -0.68% from previous).
- Critical support level 63.5%. A historical buying zone!
- The daily candle shows bullish strength ๐ข with a close above 63.9%.. a positive signal!
๐ฏ Forecast:
- If 63.5% is broken โ possibility of a drop towards 62.5% or lower ๐จ... be cautious!
- If it holds above 63.5%: strong recovery expected ๐... dominance could reach 64.5% or higher!
๐ฅ Market Impact:
- Dropping below 63.5% is a golden opportunity for altcoins to surge ๐.
- Holding above 63.5% may slow Bitcoin dominance's rise โ ๏ธ.
๐ Technical Notes
- Major resistance levels 64.31% โ 63.93% โ 63.90%
- Lowest support levels 62.56% (potential bottom if the market collapses).
๐ฅ Summary:
Bitcoin is at a crossroads; breaking 63.5% will be the key to the game.
- Bulls: preparing for a giant rally with liquidity flowing ๐.
- Bears: watching 62.5% as a last line of defense ๐ก๏ธ.
๐ข Final Advice:
Closely monitor the daily candles in the coming weeks; they may determine the market direction for 2024! ๐
