🪙Morning Analysis/Forecast Bitcoin, Read Before the Start of the Trading Day
📈Woke up, smiled, and starting the day with the promised Bitcoin analysis. I wanted to publish it yesterday but waited for confirmation of the bounce and a close above the zone I indicated. First, I want to note that the price held the crucial $41,200 zone, dipping below only with 'tails' without confirmation, thus confirming the strength of the lower boundary of the sideways range, as I previously detailed.
📈Secondly, the market looks strong (I'm repeating this like a parrot from review to review). The market surpassed a $1.7 trillion capitalization, but altcoins did not show significant growth, and here's why. All the money is locked in Bitcoin; check the BTC dominance chart, and you'll see that we are almost at a three-year maximum. Bitcoin has absorbed all market liquidity.
📈Prospects for the coming days: I schematically illustrated two possible scenarios on the chart, and I'm not considering a collapse below $41,200 for now. It's crucial now for Bitcoin to stabilize, and funds to start flowing into altcoins. Alt season may be on the horizon, at least that's what I'm expecting. Everything can change at any moment, and if it does, I'll inform you immediately, but for now, it looks like alt season is coming in the next few months.