Bitcoin moved within the range of 65765-67130 during the day
At the time of writing the Review, the price of the main cryptocurrency was 66609
Market capitalization 2.39 trillion, Bitcoin dominance index 54.9%, fear index 72
Stock markets were rising again yesterday. The S&P 500 closed at 5070 with a gain of 1.2%. For now, we can state that the index has returned above the psychological level of 5000.
The dollar index fell below 106, but the 10-year bond yield is rising again and is already above 4.62%
Tesla's report yesterday came out worse than expected. But shares rose 13.38% after the report. Low base effect, plus consensus about decline.
META and IBM reports will be after market close today. No other important events are expected today.
Bitcoin is slowly growing. We see the local resistance area at 67000-67200, then 67800-68200.
The alts are also slowly coming to life - Ethereum is moving towards 3300, the Bitcoin dominance index is declining, memcoins led by PEPE show that the market has returned to positive. But it’s alarming that despite yesterday’s external positivity, IBIT (BTC ETF) not only did not grow, but even closed with a slight minus. And this despite the fact that yesterday there was an influx of 31.6 million into BTC-ETF.
HBAR grew almost 100% as BlackRock used it to tokenize the money market. Should I buy it now - on the one hand, it is still 3 times lower than its highs, and the altseason has not yet begun. On the other hand, I don’t like to buy something that has already grown; I try to make sure that at the time of growth I already have the necessary asset.
The priority option for today is Bitcoin in a range with a lower limit at 63000-62500 and an upper limit at 67800-68200
Alternative - consolidation above 68200
Bitcoin has been in the range of 59000-73777 for almost 2 months now. Let me remind you that after the 2020 halving, Bitcoin was in the range of 8800-10400 for half a summer (as I remember now)), then in August it went above 12K, in September it returned to its original range, and only in October did it begin to grow real. making more than 5X within a year.
#Bitcoin #
