đ Bitcoin $BTC Nearing a Major Milestone: $70K Breakout on the Horizon? đ„
đ As the new week kicks off, Bitcoin continues its bullish surge, reaching a high of $69.5K! Currently, BTC is testing the critical -27% Fibonacci zone, which may lead to a short-term pullback, potentially retesting the 0% Fibonacci level. But the market sentiment remains strongly bullish as altcoin capitalization rises and Bitcoin dominance shows a slight dipâbenefiting the broader crypto market! đ
âĄïž Key Highlights:
BTC nearing $70K, a major psychological resistance đȘ
Altcoin market capitalization is growing đ
Bitcoin dominance is decreasing, giving altcoins more room to run đ
Long positions are heavily favored đ
With Bitcoin flirting with new highs, a short-term correction might be on the cards before the next major move. The market is flashing strong bullish signals, so stay sharpâthe next breakout could be just around the corner! đ„
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