๐ Altcoins Bouncing, RSI About to Reverse & Why You Should Be Bullish ๐
Yesterday's market action was thrilling! Bitcoin broke significant resistance, briefly dipping below 60k before bouncing back above it today.
But the real excitement was with altcoins, many of which dipped only slightly or even rose despite Bitcoin's drop.
โผ๏ธThe crypto market's RSI halted its long-term decline, signaling potential bullish momentum. โผ๏ธWhat's next?
๐Bitcoin ๐
I'm not predicting doom for Bitcoin. While another dip might occur, it won't be substantial. More likely scenarios are:
1. Bitcoin moves sideways, hovering between 60-65k.
2. Bitcoin starts climbing and breaks the all-time high (ATH).
๐Altcoins ๐
A more substantial relief rally for altcoins seems imminent. Yesterday's strong performance suggests we've seen the peak of Bitcoin dominance for this cycle, with money likely flowing into the altcoin market.
๐How to Trade ๐น
Focus on the coins that performed well yesterday and today, such as $ETH , LINK, $OCEAN, fetch.ai. These tokens often deliver the best results following such market conditions.$FET
DYOR.