Bitcoin ($BTC) made an impressive leap, currently trading at around $71,700, with an increase of over 4.2% in the last 24 hours. As we can see in the chart, after a period of consolidation, the price broke through the local resistance and is now looking to consolidate above $72,000.
While BTC gains momentum, the big question in the market is: will we have the energy to reach new all-time highs this week, or will we see a capital rotation towards Altcoins? Bitcoin's dominance still sets the pace, but the volume is starting to rise.
Quick analysis of the chart:
–Support: $67,700 (recent consolidated low) –Resistance: $72,760 (high of the last 24h)
We are at a decisive moment. The market is "bullish," but caution is the best friend of the smart investor.
What is your guess for the end of the week: BTC at $75k or a correction for the alts? 👇
BTC Dominance: Breakout in sight or lateralization?
Bitcoin ($BTC) has made an impressive leap, currently trading at around $71,700, with an increase of more than 4.2% in the last 24 hours. As we see in the chart, after a period of consolidation, the price broke through the local resistance and is now looking to consolidate above $72,000. While BTC gains traction, the big question in the market is: will we have the momentum to seek new all-time highs this week or will we see a rotation of capital to Altcoins? The dominance of Bitcoin still sets the pace, but the volume is starting to rise.