BITCOIN is preparing for an ATH update. What happens next?The time has come when all the investors who bought bitcoin at $69,000 will be able to sleep peacefully. But what will happen after the historical high is updated?
To begin with, there is a good chance that bitcoin will continue to grow without correction or even consolidation.
The result will be a renewal of historical highs. This is evidenced by the dominance of USDT, which shows the prospect of a drop to 3.7-3.9%:
In addition, the focus on bitcoin is further confirmed by the growth of its dominance:
After updating the historical highs, we expect a sharp impulse to fall in the range of $57700-60000. If the upward wave is not complete, the BTC price should not fall and consolidate below this range.
For us, the range of $57700-60000 is a critical point for determining a new medium-term trend in the market. If buyers hold this range, we will consider a long position in altcoins in the medium term.
If the BTC price breaks through this range without any problems and stops in the range of 50000-52000 , we will look for entries into short positions during a new local growth wave:
Another question is what will happen to altcoins at this time !
However, this is another story. First, let's see how this forecast will work out.
