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Now the updated data comes and $19.08 billion gone in just 12 hours🔴
BTC has finished installing the GAP and killed a short of a bunch of Altcoins If the next few days are enough to recover the peak price, BTC will continue to increase strongly
• Bitcoin dominance trade in a rising parallel channel.
• Dominance entered this channel on Sep 22 and till now traded in this channel.
• If dominance breaks down the channel then Altcoins are gaining some momentum or if dominance breaks out the channel then we'll see more weakness in Altcoins.
• Keep an eye on it to breakout or breakdown the channel.
BTC faced rejection from the major resistance zone around $124,400 and is now consolidating above $121,000. Holding this level is crucial for bulls to maintain momentum.
If BTC manages a daily close above $124,400, it would confirm a strong bullish continuation toward new highs. Otherwise, a pullback toward the $117,000–$118,000 support zone remains possible.
Once again we have seen the $116k - $117k zone met with strong resistance for Bitcoin.
An aggressive rejection this morning now has BTC fighting to hold on to $115k (Weekly Open.)
The price is still trading in the channel amd Algo have been observing, so a move towards either of the trendlines is still a possibility. Risk management and caution is key here imo, with the US market opening in a couple of hours and a hugely important FOMC meeting approaching this week. For now, Algo expect the resistance zone to remain, and do not rule out a move towards $113.5k in the coming hours.
$BTC is trading in a no-trade zone right now. • Weekend = low volume → sideways chop. • Liquidity is almost balanced: ~$112K resistance vs. ~$110K support.
⚡ Silverbulls Algo View This is the classic indecision phase where fake breakouts trap retail. Our algo doesn’t gamble—it waits for the liquidity wall to break before striking.
👉 Stay patient. Noise kills traders, but precision makes profits.