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LionsWife
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notcoinbeliever
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What's happening in the market?
$BTC Two words about the market. After the inauguration, we saw the expected decline. In fact, everything went smoothly, without huge red candles and panic, just a gradual drop of a few percent. Bitcoin feels fine, but there are some problems with altcoins.
The dominance of Bitcoin is very high, and altcoins simply lack the 'fuel' for growth. Many of them have already reached six-month support zones, and if they fall any lower, it will pose a threat to their continued existence. Bitcoin has formed support at the 97k level, and I believe it won't break through. There may be quick touches at 96 or even 95, but there won't be a close below 97. After that, sideways movement and gradual liquidity spillover into altcoins. If Bitcoin does drop below 97k, there is a 90% chance this will end in a correction to the 84/85k zone and a complete collapse of several altcoins.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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