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If the $60k resistance is indeed broken, then of course I expect a nice rally after that. The market is gradually recovering as expected, but various issues including FUD should not be completely ignored.
And it really happened, the $60k resistance managed to break through Bitcoin and broke out at the price of $61,500. If the $60k resistance is indeed broken, then of course I expect a nice rally after that. The market is gradually recovering as expected, but various issues including FUD should not be completely ignored.
This is a good position for bitcoin and a few hours that had a hit at $62,700.
Bitcoin in the 1D Time Frame is in the Flip trend area and this will depend on whether strong support is to hold and then Bitcoin tries to head towards the Uptrend area at the price of $65k++ which is quite a strong resistance.
This was also caused by Balckrock who started buying 2642 Bitcoins worth $164 million.
Bitcoin is back on track and is already preparing to continue its mission to $100k.
https://x.com/thomas_fahrer/status/1821707401839702247
Just a few more hundred and we're back to $60k again. The dominance of Bitcoin keeps on increasing and that's a good sign. We can see that most of the money that has been out of the market has been back again but mostly with Bitcoin. I'm still expecting some sideways as it reaches back to $59k and it's true that it's not going to be easy and might take a while. Either way, this is a good sign that we're seeing and we can only wish that it won't be back under $50k but if it does, for sure that many of those that have missed that price will start panicking to buy it.
Whales are back and starting to buy, and Sideways is indeed highly anticipated for now. But the best price for the sideways and making the altcoin price have a good recovery is above the $70k price, but it will certainly take some time to get it back, but nothing is impossible in crypto.