After we saw a bullish bat harmonic pattern play out, we saw the price go from 29k to to 53k.
Now we can see a clear bounce from the middle line of the channel.
I do not think this middle line of the channel will hold. Which might lead to a possible downfall to 20k.
Also note that BTC dominance is forming a double bottom, which indicate multiple month of downwards price action for altcoins. Bringing BTC dominance up and overall fear in the market for the next few months...
- Just my vieuw on the market, do your own reasearch.
Goodluck.
Now we can see a clear bounce from the middle line of the channel.
I do not think this middle line of the channel will hold. Which might lead to a possible downfall to 20k.
Also note that BTC dominance is forming a double bottom, which indicate multiple month of downwards price action for altcoins. Bringing BTC dominance up and overall fear in the market for the next few months...
- Just my vieuw on the market, do your own reasearch.
Goodluck.
