Analysis $BTC 11/20/2024

#BTC, still incredibly strong and leading the bull market. Of course, thanks to the institutional FOMO that we are seeing everywhere, and with that it is keeping this price so high and making new ATH day after day. However, this FOMO is being led by Saylor who is really dedicated to propagating the mass adoption of BITCOIN by multimillion-dollar companies and people at the same level.

In other past markets we have had this FOMO, but never on this scale that we are seeing, of course, times are different and now we have a large group of multimillionaires who love Bitcoin, and this also means that we have a very high BTC dominance for longer.

I think we still have a little more room to go up, see that the RSI is still good (4h). So we could attack $95K and even a little higher, since the jump to $94,800 caused large orders at $95K to be withdrawn for fear of being activated and getting stuck there.

No whale wants to be stuck at $95K, it would be too painful to hold a very large position with such an advance, and the uncertainty.

This movement of the bears leaving $95K was already expected and I mentioned it yesterday in the last analysis.

Maybe the price for us to cool down in Bitcoin is almost here, of course with all this help from Billions from Saylor and his friends, it will help to get a little higher than $95K, but if it stops and it will... we will cool down very quickly, so...

The thinking is the same here;

...some lateralization above this $93K, for the#altcoinsto follow this movement. BTC dominance is once again getting in the way of altcoins here, however, notice that BITCOIN has risen above its previous ATH and dominance has not done the same, despite now trying to make a new high.

Don't try to stop a train with your hands!

I am VERY BULLISH ON ALTCOINS, and you will soon understand why...

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