BTC/USD (58k Dollar Immediate Support)

💎Technical Analysis Summary💎


BTC/USD


-Bitcoin is back above the 60k dollar and hitting as high as 62k dollars
-Only a few percentages away from making a new All-time high price
-The bulls have shown a strong move up since the breakout of 58k dollars
-For now, if BTC can hold above 58k as an immediate support area
-The chances to test the ATH level in the coming days is in play
-Regarding the altcoin space, the BTC dominance still trading above 46 level
-This is not a good sign for the altcoins because their strength is stalling
-Once Bitcoin starts to consolidate, that is the time Altcoin will recover faster
-Let us watch how BTC will react in the next few days
-And prepare for new swing trade for altcoins



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