BTC/USD (New Strength)

💎Technical Analysis Summary💎


BTC/USD

-Bitcoin finally confirms the weekly key support area
-After a strong recovery back above the 50W MA and hitting the 40k level
-We can say BTC is safe for now in the coming weeks
-But the Bulls can't stay relax because the 40k dollar is acting as a strong barrier
-And also, we have a new CME price gap of around 34k-32k dollars
-We know these gaps are likely to get filled soon
-If you noticed some Altcoins are not doing well during BTC run-up
-It is because the Bitcoin Dominance level increases too by 5%
-The Altcoin space may move weak or slow in the coming days
-Unless the BTC Dominance decreases and Bitcoin moves in a range
-Congrats for the Bulls, let us see if they can make another follow-through




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