🔥 $BTC and Altcoins - THOUGHTS ON Trends!
BTC loses 112,500! 🚨 Correction or the beginning of new growth ETH and altseason are waiting! Bitcoin (BTC) is again at the key level of 112,500! This support level is currently playing a crucial role: its loss will open the way for further correction of Bitcoin with targets of 108,350 and below - to Fibonacci zones. After breaking the upward trend, we saw a retest and a new wave of decline.
IMPORTANT: Bitcoin Dominance - Pattern broken, waiting for confirmation this week. And if this happens.. then.??
📊 Technical analysis of Bitcoin shows:
Miners are selling slightly;
Large wallets are taking profits;
Inflows to exchanges exceed outflows by 6,000 BTC (32%).
🔥 But that's not all:
Locally, the market may continue to decline, however, in the medium term, a reversal and new growth of Bitcoin is expected, even up to new historical highs.
💡 What about altcoins? ACCUMULATION - The market is in anticipation.
Ethereum (Ethereum, ETH) and other altcoins are receiving some capital - there is a redistribution from Bitcoin to altcoins. This is one of the main signs of the approaching altseason.
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