#BTC update.
The pullback is not over yet.
As mentioned in the previous post, BTC is gradually declining and approaching the 90k level.
Will 90k hold strong and lead to a rebound to 101.5k?
The Fear and Greed Index remains high at 54. On the other hand, we are still in a bull market.
The MACD is positive on the 4-hour timeframe, while the RSI indicates BTC is nearing a short-term reversal, suggesting a potential minor upward movement.
Volume is present, albeit modest, but it has the potential to spike rapidly.
Market capitalization shows that funds are still flowing out (see the attached screenshot).
BTC remains dominant, holding nearly 57% of the market share, which is preventing altcoins from gaining momentum.
If BTC experiences a further drop and its dominance decreases, we might witness a significant rise in altcoins.
Could this happen during the upcoming Christmas period? It’s possible.
There’s substantial potential for gains in the coming months, particularly with altcoins that have strong fundamentals. Stay prepared!
This is not a financial advise. Always Do Your Own Research (DYOR).
Feel free to share your thoughts, insights, and research in the comments so we can all grow together.
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