💰 Bitcoin is progressing towards target zone. | Crypto Freedom Community on Binance Square

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💰 Bitcoin is progressing towards target zone.

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BTC

95,971.08

+0.41%

738

0

Replies 0

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TURBO analysis: The price is currently trading within a falling wedge pattern and is nearing the support area. We may see a bounce off this support, making it a good opportunity to open a long position. A falling wedge is considered a bullish pattern, and we typically observe a strong rally following a breakout. Support Area: $0.00666-$0.00690 Resistance Area: $0.00775-$0.00790

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📊 Since #Bitcoin crossed $90K, liquidations have surged. With intense speculation about hitting $100K and Alt Season, exchanges are capitalizing on the volatility to liquidate leveraged positions. Expect More Volatility So Use Low Leverage.

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Bitcoin dominance has dropped to the expected support area. Over the past week, nearly every altcoin has doubled in value. Currently, dominance is breaking down past this support level, which is very bullish for altcoins. We might experience a slight upward movement in Bitcoin dominance followed by a small correction in altcoins. It’s advisable to accumulate altcoins during this correction. #bitcoin☀️

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Bitcoin began the week on a positive note, supported by gains in the US markets. As anticipated, BTC has established a support level and is currently retesting it. We may witness a move towards the resistance area, and it will be interesting to see if the price can break through the $100,000 level.

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MASK analysis: Price has broken through the resistance area and is continuing its upward movement. You can open a long position at the local support area and add more if the price drops to the major support area. Local Support Area: $3.60-$3.70 Major Support Area: $3.00-$3.25 Resistance Area: $5.35-$5.80

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