BTC price has stalled since the recent ATH with mostly sideways and red days for the last 10 days with price flatlining. The BTC dominance has declined while the overall crypto market cap has increased and held above $2.5T. Some of the indicators on the chart are hinting at a continuation of the bullish momentum due to the price not dropping significantly.
Potential targets based on the March 2020 low to the May 2021 ATH are on the chart with a fairly tight stop loss shown. These are based on the 161.8% & 200% Fibonacci points. This is more an observation than specific entry and exit/targets. They're points I'll be keeping an eye on for BTC price action to impact ALTs, especially smaller alts.
See previous BTC analysis from April 2021 for other zones of interest.
Potential targets based on the March 2020 low to the May 2021 ATH are on the chart with a fairly tight stop loss shown. These are based on the 161.8% & 200% Fibonacci points. This is more an observation than specific entry and exit/targets. They're points I'll be keeping an eye on for BTC price action to impact ALTs, especially smaller alts.
See previous BTC analysis from April 2021 for other zones of interest.
