Analysis $BTC 02/08/2025
#BTC, really good... it stayed above $95,500 during Saturday and consequently leaves us in a better position to try to attack $98,500 tomorrow.
Note that this lateralization within this range between $95,500/$98,500 was beneficial for #altcoin , which were able to recover a little more, since with this lateralization, BTC dominance fell a little.
It had been a while since we had a positive Saturday for Altcoins, so things started to improve, of course we still need tomorrow to have a good day, but today has already taken some Altcoins out of a critical support, it was good!
Tomorrow's WEEKLY closing is extremely important for BTC and Altcoins (check total2 or total3), so you should pay extra attention. If we close at or above current prices, then that is what we need to finally start some good moves higher.
The New Week will be full of Economic data, so it could be a good catalyst for us to move higher in BTC and Altcoins.
I am very BULLISH here for the next few weeks.
AGAIN:
An important point to mention is that the big SELL orders that dropped to $102k are unlikely to be true, so if we can break above $102k next week or close above $101,300, that will put us at $108k.
While things look bad, they are not what they seem. We have been through this and we know the main direction is up!
I WILL CONTINUE TO HOLD ALL MY ALTCOINS!
(I changed the chart colors, still testing hahaha!)
#BTC, really good... it stayed above $95,500 during Saturday and consequently leaves us in a better position to try to attack $98,500 tomorrow.
Note that this lateralization within this range between $95,500/$98,500 was beneficial for #altcoin , which were able to recover a little more, since with this lateralization, BTC dominance fell a little.
It had been a while since we had a positive Saturday for Altcoins, so things started to improve, of course we still need tomorrow to have a good day, but today has already taken some Altcoins out of a critical support, it was good!
Tomorrow's WEEKLY closing is extremely important for BTC and Altcoins (check total2 or total3), so you should pay extra attention. If we close at or above current prices, then that is what we need to finally start some good moves higher.
The New Week will be full of Economic data, so it could be a good catalyst for us to move higher in BTC and Altcoins.
I am very BULLISH here for the next few weeks.
AGAIN:
An important point to mention is that the big SELL orders that dropped to $102k are unlikely to be true, so if we can break above $102k next week or close above $101,300, that will put us at $108k.
While things look bad, they are not what they seem. We have been through this and we know the main direction is up!
I WILL CONTINUE TO HOLD ALL MY ALTCOINS!
(I changed the chart colors, still testing hahaha!)
