๐ธ Bitcoin (BTC) BTC remains in a sideways range, but it broke out of its downtrend yesterday. Activity is typically low over the weekend, so we expect either a minor consolidation or a full trendline retest. A strong breakout above $100,000 could push the price towards $105,000.
๐ Altcoins Most altcoins are still trading near their lows, presenting good entry opportunities from current levels with the option to add just below. Bitcoin dominance has broken a key support level and continues to decline, which could trigger a parabolic rally in altcoins.
๐ Outlook With the start of the new week, we expect a new wave of growth in the market. But remember: stick to risk management - the market will offer many more profit opportunities!
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๐ญ Market Update
๐ธ Bitcoin (BTC)
BTC remains in a sideways range, but it broke out of its downtrend yesterday. Activity is typically low over the weekend, so we expect either a minor consolidation or a full trendline retest. A strong breakout above $100,000 could push the price towards $105,000.
๐ Altcoins
Most altcoins are still trading near their lows, presenting good entry opportunities from current levels with the option to add just below. Bitcoin dominance has broken a key support level and continues to decline, which could trigger a parabolic rally in altcoins.
๐ Outlook
With the start of the new week, we expect a new wave of growth in the market. But remember: stick to risk management - the market will offer many more profit opportunities!
#DOGE #XRP #DOT