$BTC Bullish Rally — Yes, I’m Bullish. Why? Simple.
BTC is currently trading around $67,400. Let’s understand why I’m bullish using both technical and fundamental approaches.
Technically:
USDT Dominance is around 8.05% and facing rejection at this level. The key support lies around 7.3%. If dominance drops toward that zone, I’m looking at BTC moving toward $78,000–$80,000, with the first target around $74,000.
Fundamentals:
Let me explain it simply. When there is uncertainty, capital usually flows toward safe havens like gold and silver. The uncertainty recently was war, but now it has become something everyone is aware of. When uncertainty becomes certain, the rally in safe havens usually slows down and bosst up in natureal resources and risky assets obviously crypto including Btc and eth and sol bnb etc..
So where does the capital move next?
First into oil and natural resources, and then into risk assets. And one of the top risky assets in today’s market is Bitcoin.
That’s why I believe a capital rotation toward crypto could push BTC higher.
Correct me if I’m wrong on this approach.
Hope this explanation helps you out. If you have any questions or opinions, drop them in the comments.
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