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Bitcoin dominance has broken the local support area and is now retesting it. If Bitcoin remains stable, we can expect a rejection at this retest and further upward movement in altcoins. However, if BTC falls below $100,000, we may witness a rapid increase in dominance and a decline in altcoins. Major Support Area: 60.60% - 61.15% $BTC

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Bitcoin Analysis BTC Rising Wedge formation on the Weekly chart Bulls defended the Weekly MA50 in April May be, now Bitcoin is on the Road to 120k📈 Bitcoin Bulls are in complete control (as long as Bitcoin stays within the Rising Wedge) $BTC $ETH

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#BTC/USDT ANALYSIS Bitcoin is currently trading within a horizontal supply zone, where price action is showing signs of consolidation. The 21-day and 50-day moving averages are positioned below the current price, acting as dynamic support and indicating underlying bullish momentum. A breakout above the supply zone, accompanied by strong volume, could signal the continuation of the upward trend. However, if the price fails to breach this level, a potential rejection and subsequent pullback may occur. Traders should closely monitor price behavior at this critical zone for confirmation of the next move. $BTC

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#BITCOIN WEEKLY TF UPDATE : #BITCOIN on WEEKLY TF, perfectly moved as per the Analysis, price did really up after the closing a retest. Price already entered a key resistance a supply area as we're mentioning from past 3 days. Lets wait for the closing and watch out the price action for next week. $BTC

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Bitcoin broke out of the symmetric triangle in the upward direction and also retested it. The major resistance remains the same at $105,000, and a break above this level will quickly send us toward the $108,000-$110,000 area. #ETHCrossed2500

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Binance Market Update: Crypto Market Trends | May 11, 2025

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