Bitcoin is on the verge of a breakout, a massive surge is coming soon!!
In the past two days, Bitcoin has been trading sideways, and many people feel that BTC is not performing well!
Let’s analyze why there hasn’t been much fluctuation in the market lately!
The fundamental reason is that a comprehensive bull market has started, and Bitcoin's market share is beginning to decline, with altcoins gaining momentum and taking away BTC's trading share!
The market manipulators in the crypto world are quite savvy and know how to exploit the situation!
Currently, market funds are flowing towards mainstream coins like ETH, especially since the Ethereum ETF has siphoned off funds that originally belonged to Bitcoin ETFs, but this is just a short-term phenomenon! It is expected that ETH will surge to around $5100 before starting to correct, as there are hundreds of millions of units of short positions waiting to be closed at that level. Once this wave of ETH excitement passes, funds will naturally flow back to BTC!
Best buying opportunity for Bitcoin:
I suggest paying attention to these two key levels: 119000/117000
