Bitcoin Update: Resistance Tested, Altcoin Caution, and Potentia
A few days ago, I provided an update on Bitcoin highlighting two crucial levels marked in red and green. Bitcoin saw a significant rebound from the green zone, testing its resistance. With Bitcoin's dominance high, altcoins aren't seeing the expected pump, so be cautious with them; if Bitcoin drops, altcoins will likely bleed again.
Here are two scenarios to consider:
1) Bitcoin could return to the gray area where it previously bounced.
2) It might break through its resistance at 70410 and continue its upward trend.
For now, we're stuck in this range. If you notice Bitcoin showing strong movement in either green or red, consider buying.
Here are two scenarios to consider:
1) Bitcoin could return to the gray area where it previously bounced.
2) It might break through its resistance at 70410 and continue its upward trend.
For now, we're stuck in this range. If you notice Bitcoin showing strong movement in either green or red, consider buying.