Selling wick on the 12-hour candle confirms strong resistance around the $96K–
97K zone.
We may see a short-term dip towards $95K–$94K, but it’s really nothing to worry about.
While BTC searches for support, altcoins are likely to take advantage of this consolidation phase and rally. I don’t expect BTC’s short-term movement to significantly impact altcoin performance. It would only become a major influence if Bitcoin were showing signs of a long-term bearish trend — which it’s not.
No concern here — just keeping you all informed on BTC’s price action, as always.
97K zone.We may see a short-term dip towards $95K–$94K, but it’s really nothing to worry about.
While BTC searches for support, altcoins are likely to take advantage of this consolidation phase and rally. I don’t expect BTC’s short-term movement to significantly impact altcoin performance. It would only become a major influence if Bitcoin were showing signs of a long-term bearish trend — which it’s not.
No concern here — just keeping you all informed on BTC’s price action, as always.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
JOIN ME ON TELEGRAM t.me/aztradescrypto
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.