Bitcoin is trading at around $77,000 in the latest data available today, up slightly by 0.46% over 24 hours.
But there are 3 things worth watching: 1. Can BTC regain buying momentum as trading volumes rise? 2. Will Bitcoin dominance remain near 59%? 3. Will weak market sentiment put renewed pressure on buyers?
The key point: a price increase alone isn't enough to confirm a trend reversal. We need a clear candle close and trading volume to support the move.
Do you expect Bitcoin to continue consolidating, or will wild volatility return?
$PEPE After the huge rally last week, Pepe is now ready for a small correction. 📉 This huge weekly candle is evidence of the amount of buyers entering, even at a higher price. 📊 So, my analysis and conclusions are leaning towards a bounce that will reach the $0.000015 support level followed by $0.000012. It may drop a little from this point, but it won’t be long enough and $0.000014 will be a strong support level. To my Binance Square family who have been dying to know when they can get in, this is what to watch this week. If the price reaches these levels you can get in
$SHIB IB is holding strong, riding the wave of Bitcoin's bullish momentum. It seems like it might shed one zero from its price. Keep an eye on $PEPE and $BONK too, as they are gearing up for the rally! In the past, it has generated 470% profit.