Liquidity returns to altcoinsđ
The halving is behind us and it is obvious that now BTC will go to punish short sellers at the level of 71-72k. There are 5-6 billion liquidations accumulated there. I already wrote about this earlier in my last post.
Today, Bitcoin increased from 63k to the level of $65,500, and at the same time its dominance of BTC.D simply collapsed and the alts began to recover. Bitcoin needs to break through the $65,500 mark and gain a foothold there to grow further.
But there are still few volumes on the market, since today is Saturday. I expect further growth in altcoins and a decrease in volatility on Bitcoin. I expect Bitcoin dominance to decrease to 54.5-55% in the coming days, which will accelerate the recovery of the alt market.
I havenât sold anything yet from the positions I took last week, I expect that next week we will be given several green days and excellent growth, on which we can close positions at a good plus. This weekend you can relax and not look at the market for now.
