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Market Update: Bitcoin has recently tested the $103k level, bouncing back to set a new all-time high. It's currently pushing towards the $108k mark, although altcoins are still lagging behind in performance. While there's speculation of a breakout towards $110k+, we can't ignore the newly established demand zone between $104k and $105k, which may play a crucial role in the near future. With a busy week of economic events ahead, expect potential volatility to impact the market. This could make the $104k-$105k area an interesting level to watch for scalping opportunities. Stay alert for market shifts as the week unfolds.
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JUST IN: $4,100 $ETH #ETH🔥🔥🔥🔥 $4800 next
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almost
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Market Update: Bitcoin has just reached a new all-time high (ATH), breaking above $106k, and is showing a clear breakout from the rising wedge pattern on the daily chart. The next likely move is a retest of the breakout level, which could fall between $103.8-103k. This price action is reminiscent of the trend we've seen in recent weeks, where MicroStrategy's Monday announcements of new Bitcoin purchases have contributed to strong weekend rallies. However, these gains are often followed by pullbacks once the news hits the market, and today could follow a similar pattern. BTC dominance continues to climb, which is keeping altcoins from gaining much traction. As long as Bitcoin remains strong, it's likely that altcoins will struggle to break out in the near term.
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good week coming #Good_Profitable_Margin
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