With the war FUD that came just a few days before the halving, panic investors and those who saw#Bitcoinas a safer area sold their altcoins and bought #Bitcoin . #BTC An increase of more than 3% in the Dominance level in one candle shows us this. So, you may ask, if people bought Bitcoin, why wasn't it reflected in the price? The reason is clear, there were people panic selling as much as people buying Bitcoin, which caused capitulation. We can briefly call capitulation a sales sequence. After a hard sell, panic investors also join the sale and the price falls as a result of their stops being triggered... Of course, while some people are panic selling, others skim the bottom, this always happens. Let's talk about war FUD, it is true that people turn to physical assets during war times, but the number of people turning to Bitcoin is also significant, we will see this clearly in the coming period...
So what awaits us next? What does Technical Analysis say?
