GrowCryptoUpdate

GrowCryptoUpdate

Bitcoin is facing rejection at the resistance trendline of the descending triangle pattern and is currently rebounding from the horizontal demand zone. The Ichimoku cloud remains a strong resistance barrier. A confirmed breakout or breakdown is needed to determine the next directional move.

GrowCryptoUpdate

Bitcoin is within an approximate horizontal trend channel in the short term. This indicates that investors are uncertain and waiting for signals of further direction. A break upwards will be a positive signal, while a break downwards will be a negative signal. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction,...

GrowCryptoUpdate

Bitcoin is currently breaking down out of the head and shoulders pattern, as I expected in past weeks. The next support 88k, and we can hit this support pattern quickly. Bitcoin is known for its huge volatility.

GrowCryptoUpdate

Bitcoin (BTC) dominance is a metric used to measure the relative market share or dominance of Bitcoin in the overall cryptocurrency market. It represents the percentage of Bitcoin's total market capitalization compared to the total market capitalization of all cryptocurrencies combined. Since Bitcoin was the first asset, it has remained the largest by market cap,...

GrowCryptoUpdate

🔴⚠️ Disclaimer: Trading cryptocurrencies involves risks and may not be suitable for all investors. Please carefully consider your investment objectives and risk tolerance before trading. Remember, any form of offering does not guarantee returns on investment. Our content provides general market commentary and does not constitute investment advice. We do not accept...