BITCOIN Analysis Now there is such an uncertain phase of the market, which is called “flat” - many altcoins are sideways This week, a lot depends on BTC price fluctuations, and top altcoins additionally depend on many other factors of the global economy and regulation of the crypto industry. After achieving one of the goals - the upper limit of the range, the price was shed on Friday, the minimum was 68420. Market capitalization 2.53 trillion, dominance index 55.48%. Index of fear and greed - 72 (Greed). On Friday, the BTC spill provoked an aggressive reaction from alt pairs, which gave -15-20%.
BTC swept the upper limit of the range and was unable to go further to update the ATH. By draining, we left behind the FTA zone - 12h block 70645 - 71977 from which we can get a price reversal; if we are talking about a short position, then only with confirmation of the structure on the MTF. At the moment, the price move into the weekly block with the daily IMB 64614-62986 test looks more than realistic.