Analysis $BTC 11/29/2024
#BTC, we are still following the plan perfectly, we jumped from $94,800 as I expected and posted yesterday, and now we are attacking the $98,400 region which is a decisive point for the BEARS and BULLS here.
The 50 EMA (4h) has been playing a great role on the chart for some time now, so I expect that from here the price will start to move away from it again, giving us a new ATH and clearly driving everyone crazy.
We have reached an important price level again right before the weekend, which is obviously always a bummer because things are not as clear as they should be, however, I think we can have a good weekend and a good weekly opening.
Gentlemen, in 1 day we will have the Monthly closing, and in 2 days the Weekly closing, I invite you to look at how we are, if the BULLS PUSH the price above $98,400 and hold a closing there, both monthly and weekly, then we can start calling for $105K.
Note that I am not the only one who has this idea, we can see that large orders that were at $99K have already been exited and many have been reopened at $103K/$105K. Showing that the BEARS are not willing to fight for the price here at $98K.
Yesterday we had large whales buying BTC at prices just below and helping the BULLS to raise the prices, it could not be better than this, a healthy growth and with the RSI still very good for the price height, we have some room to go up still.
I think we can make a new ATH over the weekend and have some sideways action to help the lagging altcoins catch up.
AGAIN I say:
What matters here is Bitcoin Dominance, see that it continues to fall and makes a perfect setup for a new round of bullishness in Altcoins, some are already up more than 20%, Algorand and PAAL leading the way.
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
