WiseAnalyze

BTC reversal chance

BITMEX:XBTUSD.P   Bitcoin
BTC finished weekend with return back to 8300. That is the moment bulls shouldn't lose, as only now it is possible to push the price higher. Next drop will be to 8050-8150 and there will be decisive support. Once we will see price above 8300, downtrend will be cracked. Don't rush as that pullback may take 1-2 days. Dominance is growing, but alts ain't that bad, although its not alts season for sure, just a small period of bullish potential, while BTC takes pause.

Fear & Greed index: 37 (<= 37 <= 41 <= 40 <= 40 <= 40)
BTC Dominance: 66.6% (<= 66.3 <= 66.2 <= 66.2 <= 66.5)
24h Volume: $55.2 billion (<= 53.9 <= 54.9 <= 58.6 <= 58.7)

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