#bitcoin - Daily price update:
The daily view flipped bullish, but a bearish correction can be awaited around that level!
-The uptrend is becoming weak (lack of buy volume)
-The current price got rejected at the big resistance of $69,500 - $70,000 as well as the channel trendâ ïž
-Hidden resistance touched on the daily & overbuy area â ïž
-Bearish rising wedge [H1] â ïž
So, I think a correction is needed before we see a further rise to $72,000 - $73,000.đ
As long as #BTC prices remain below 70k, there's a good chance we'll see a retest of the $66,000 - 66,500$ area!
đĄBTC dominance should decline shortly, which means #altcoins shouldn't lose too much in value even if $BTC corrects downwards. Some Altcoins could explode at the heights soon!đ
I therefore maintain my bullish analyses on #ALTS that I charted from last week!
