Cryptocurrency Market Bitcoin
At the moment I consider movement within the sideways range between $24800-31800 as the main scenario
Since May the pressure on the price has increased, a large limit buyer is working on the market to counterbalance the sellers (I wrote more about it in the previous post . Until this large player (or group of players) gathers its position, Bitcoin’s exit above $32000$ will not happen.
Bitcoin Dominance
Altcoins after the decline showed a good initial reaction overtaking Bitcoin on the correction of the fall. Based on this, we can assume a continuation of the dominance growth correction (from November 2022) to the values of 45-46%.
This will be a great chance to rebalance positions in favor of increasing part of USDT(USDC) or BTC.
