$BTC has fallen below $94,000 and has closely approached the key support at $92,232 — the previous low. After that, a pullback occurred, and the price found new resistance at $95,510. If the low of $92,232 is broken, the price will aim for $91,500, and then $90,500. As I mentioned in my regular reviews, the target of $85,000 remains relevant.
In the case of a pump, the target for $BTC is to liquidate short sellers in the range of $96,000–$98,000. After that, a test of the resistance line is possible, and in case of a breakout, a return to the price channel. The probability of such a scenario is low, but the market can be surprising.
Bitcoin dominance today reached a weekly low of 57.45%. This decline is accompanied by a rise in altcoins, the total capitalization of which has reached $950 billion and continues to increase. Money is gradually flowing from $BTC into altcoins, which is obvious. There is a possibility that the bear market for altcoins is over, but this is not certain.
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