Analysis $BTC 12/23/2024
#BTC, although we had several good attempts to react, they turned out to be just bearish retests. It seems that the DOUBLE BOTTOM was inevitable here.
Unlike what most people want to make it seem, we are still doing well, of course it was not what we would like to be doing right now (retesting this region). However, it is not the end of the world and to be quite honest, most people are more focused on enjoying Christmas with their loved ones than trading this.
Yesterday we did not have a recovery from $98K, and that made us go down even further, but I still think that this green region on the chart is where we will bounce, of course it may take a while since we have fewer people in the market due to the holidays, but we will bounce.
We are seeing a bit of rotation here, and this explains BTC dominance falling quickly along with the price and #altcoin holding up very well.
It is clear today that BTC does not need to do much, it just needs to move sideways and this will make Altcoins shoot up quickly.
I am very BULLISH about Altcoins and I think they are ready for another round of growth and today we can see this clearly, we just need Bitcoin to stop getting in the way lol.
Of course it is important to keep an eye on your trades at this point in the chart, but I suggest you set price alarms and go enjoy the holidays, get off the chart for a while, EVERYONE is doing it, you should too!
The year 2025 will be the year of VICTORY!
HOLD ON!
* If you have any questions, do not hesitate, go to my INSTA (it is in the fixed image of my profile here), call me and ask your question.
