🪙 #BTC
The CME opened today at the same prices as they closed on Friday. The weekend passed calmly, as expected. Similarly, no significant movements should be anticipated for the rest of the year. The focus is already shifting to the calculations for the next year.
Nevertheless, yesterday Bitcoin attempted to rebound from the 4-hour MA50-100 and the Ichimoku Cloud and break above the resistance zone. However, a local downtrend hinders further movement.
❗️ Today, the price bounced down from this trendline, but Bitcoin is currently being supported by dynamic levels, primarily the MA100 and the Ichimoku Cloud. The breakout of resistance or support will indicate the priority for Bitcoin's further price movement:
⚫️ Break above 43.6K — upward movement to 44.2K - 45K
⚫️ Break below 42.5K — downward movement to 42K - 41K
It is currently challenging to predict further movement. However, considering that the price has firmly established itself below the breached support zone, the outlook appears less favorable, at least in the short term.
Bitcoin dominance: 52.01%;
Fear and Greed Index: 71 (Greed);
Altseason Index: 67;
Market capitalization: $1.6 trillion.
