Looking at a BTCUSD weekly chart, it's nice to be enjoying consecutive green weeks - something that hasn't happened since June this year. Let's not get carried away, though. After those consecutive green weeks in April, we then went on to test the bottom again in July. Having said that, as I type this, Bitcoin is sitting at just above 8,000 again!
Some positives
The big positive for me so far has been that we've tested the 6,000 level two times already this year and both times the sellers weren't able to take prices lower. Looks like that's going to be the floor for a while yet. I'll be happy if we oscillate around 10,000 (9k - 11k) by the end of the year.
Prices have also not spiked like they did towards the end of last year. I'll take that as a positive - meaning more sustainable funds flowing into crypto rather than flashes of hot money.
BTC dominance is now at 47.5%. I hope to see that increase to 60% because that's usually a good time to buy alt-coins, waiting for the pendulum to swing the other way.
Yeah! It's nice to see some crypto green and I'll be happy if BTC will be around 10,000 (9k - 11k) by the end of the year, too.... That will be really great!
Good analysis! Thanks for sharing. ;)
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I would prefer a steady but long growth above a new bull run of 2 weeks!
The steady growth makes it more believable, which could bring new fiat cash towards the markets!
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It's going to be interesting if we can get to 3 green weeks. Something that hasn't happened since April. Hopefully a floor at 6k will be the foundation for that steady growth.
Indeed, there's a lot of fiat cash out there that still hasn't even heard of bitcoin, let alone the alts.
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We will know by now next week!
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They can try to take it onto the knees, but it will never stay there for long ;-)
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every crypto holder want this
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Great thanks.
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bitcoin price getting increase day by day
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