Move up to 30k or down to 40 k incoming. There are so many speculative views in the market right now, but no one really knows what price action will do. We just have to sit and wait out these consolidation/accumulation phases while the MM’s/whales get their fill, and wait for a bullish structure to form. - During these times, price action does what it wants regardless of the TA.
Looking a the BTC dominance chart it looks like we might see a bounce incoming, however I think this would be caused by Alts suffering rather than BTC increasing in value; meaning that we might see a prolonged period of BTC moving sides ways/lower.
I’m currently looking for BTC to hold support at the fib 0.786 from the recent low to recent high. If this fails then we have to zoom out on the chart to find lower support bands.
Looking a the BTC dominance chart it looks like we might see a bounce incoming, however I think this would be caused by Alts suffering rather than BTC increasing in value; meaning that we might see a prolonged period of BTC moving sides ways/lower.
I’m currently looking for BTC to hold support at the fib 0.786 from the recent low to recent high. If this fails then we have to zoom out on the chart to find lower support bands.