$BTC Bitcoin dropped to $63,000 on Upbit after South Korea d | TradeSignals24 on Binance Square

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$BTC Bitcoin dropped to $63,000 on Upbit after South Korea declared martial law, crashing the Korean crypto market.😱
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+2.88%

323

0

Replies 0

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$BTC BTC • Bitcoin is currently trading within a range of 93k to 101k. This range has resulted in significant liquidations for both long and short positions, leaving no room for proper movement in alts. • Following its recent dip, BTC is now trending upward within its established range. Continued momentum could potentially bring BTC back to the 101k-104k range. • A breakout or breakdown from this range could generate further momentum in either direction.Until then, we may experience limited price movement and a sideways trend. Incase of changes in situation we will try to keep updating accordingly !!!

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#BTC.Dominance • BTC.D has encountered resistance at the 56.8-57.7% range and has thus far been unable to overcome it. • If this trend persists, we may observe a rejection from this zone, potentially leading to BTC.D falling to 54.9-54.20% or lower, a scenario generally favorable for alternative cryptocurrencies. • However, a breakout above this resistance could indicate further challenges for alts. It is wise to avoid rushing into trading decisions until a clear trend is established. We will try to keep updating accordingly !!!

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$BTC BTC May Rise Again After a Profit-Taking Moment Yesterday, during the close of the US market, BTC experienced a release of liquidity, moving down to 94,150. This quick move decreased BTC's price by nearly -7%. However, the bullish trend remains very strong and the pattern is also bullish. The sell-off could be a profit-taking moment, but the bullish trend is intact, and the price is expected to continue rising gradually. I am watching BTC to rise again to 101K, 103K, and possibly reach a new all-time high at 107K. You may find more details in the chart!

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#BTC.D • BTC.D moved exactly as expected, reaching the resistance zone of 56.8-57.7%. • It's currently encountering resistance, and a rejection could push it down to the lower zone of 54.9-54.20%. Meanwhile we may see some momentum in alts again. We hope our timely updates have been helpful, and we will try to keep updating accordingly !!!

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Altcoins movement might slow down now because Bitcoin dominance is likely to rise. This could create a dip opportunity where we can pick some good coins...

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