• You may be wondering why BTC is pumping while alts are still tanking. Well, BTC.D is pumping alongside BTC, which is why we are seeing slow movement in alts.
• We would like to inform you that BTC.D is at its highest point since 2021. A retracement is highly needed for some healthy movement in alts and our expected bull run.
• Currently, it is at a critical zone of 59.7-60.6%. We are expecting a sharp retracement from this zone and some movement in alts, otherwise things could get worse for alts.
• If you look at the chart you can see the 50 EMA is crossing the 200 EMA from the bottom to the top. This is for a positive direction market. • Now the thing is, if BTC can cross its All Time High and hold the price above $73,000 then the Altscoins will pump well.
$BTC • We have consistently maintained that our target is the all-time high zone, and we have repeatedly emphasized in previous updates that this target remains unchanged. BTC has now reached the all-time high zone.• Moving forward, there are two potential scenarios for BTC. It could either break through the resistance at the all-time high zone and enter price discovery territory, or it could face rejection and retrace back to the 66.5k zone once again.• We will endeavor to provide updates as the situation evolves.As exchanges like capitulation / volatility.