#MarketRebound
BTC is the pullback over? Probably.
As mentioned in the previous post, BTC is gradually declining and approaching the 90k level.
The support at 92k hold strong and formed a double bottom, will this lead to a rebound to 100k?
The Fear and Greed Index remains high at 55. On the other hand, we are still in a bull market.
The MACD and the RSI are positive on the 4-hour timeframe, suggesting a potential minor upward movement.
Market capitalization shows that funds are now flowing in again (see the attached screenshot).
$BTC remains dominant, holding 56.19% of the market share. The small decrease made it possible to let altcoins to rise gaining momentum. More green on the way.
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 days? It’s possible.
There’s substantial potential for gains in the coming months, particularly with altcoins that have strong fundamentals.
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.
If you found this post helpful, please like and share!
