BTC dump as BTC.D gears up to retest!!
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Let's analyze BTCUSDT :
Bitcoin has broken below its previous trading channel and is testing lower support levels. This drop is largely attributed to Bitcoin dominance (BTC.D) rising to retest the 59% level. BTC is presently around the $94,700 support. If this level holds, a significant price rebound is possible. However, if BTC dominance reaches 60% or higher, BTC could fall further to around $91,000.
Key Support Levels:
$94,700
$92,0500-$91,100
Key Resistance Level:
$98,500
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Let's analyze BTCUSDT :
Bitcoin has broken below its previous trading channel and is testing lower support levels. This drop is largely attributed to Bitcoin dominance (BTC.D) rising to retest the 59% level. BTC is presently around the $94,700 support. If this level holds, a significant price rebound is possible. However, if BTC dominance reaches 60% or higher, BTC could fall further to around $91,000.
Key Support Levels:
$94,700
$92,0500-$91,100
Key Resistance Level:
$98,500
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
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