Analysis $BTC 12/03/2024

#BTC, really good, I know MOST are frustrated with Bitcoin's delay here, but look at what's happening with its dominance, it's falling and look at what's happening with #altcoin (they're rising even with BTC negative).

I would like to see BTC price work a little longer within this pattern, of course above $94,800, so it would continue to give more room for altcoins to rise.

Although most of my colleagues think we're about to fall, I think the opposite, when we're forced out of here, we'll jump to $105K, in the meantime, cool off and let the ALTS run.

Tomorrow we'll have a Strong Economic Agenda, so we should be careful tomorrow, and expect some volatility here.

We are practically at the same price as yesterday, so the thinking is the same:

Keep an eye on Bitcoin dominance, if you are not bullish on Altcoins looking at that, then you are definitely looking at it wrong.

One movement to watch here is the BIG Bears that were at $100K, they simply left there in significant amounts, but it is not clear where those big positions went. In any case, the BEARS are starting to show some indecision about defending 100K or not, it seems to me that as soon as the BULLS reach $98K this time they will not have much trouble getting through.

Some good friends asked me privately if I think that a jump in BTC here would take its Dominance to new heights and hinder the Altcoins, so the answer is: NO! I think we will have some reaction from Dominance, but nothing to the point of hindering the performance of the Altcoins, not anymore.

Gentlemen, I am extremely BULLISH on Altcoins and you already know that! It's a good chart and there are interpretations for both sides, I have mine 🚀, so choose a side and GO!

$105K Logo!

* 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.