Back Again to 40k Levels
We will need a long time to reach the 50k level again, after breaking the 50k barrier twice the second time, Bitcoin managed to continue for a while above this level, but things do not always go continuously.
Bitcoin fell again to the levels of 40k and this time the price reached 45 thousand dollars after the violent decline that occurred days ago.
I think we have a long time to go back to the stubborn 50k resistance so the best thing that could be at the moment is to continue above 45k or at least continue to the 40k levels so that we can gather our strength again before the next launch.
Bitcoin performance against altcoins
In the meantime, the performance of Bitcoin is not the best compared to the rest of the currencies, and we note this in the drop in the Dominance of Bitcoin to 41%, while in the midst of this major decline, currencies such as Solana and ADA were performing excellently, ignoring the decline in the price of Bitcoin.
Which is great if we want independence from the dependence of Bitcoin, as we hope that the Bitcoin is in a downward cycle while the rest of the currencies are still in their position or even continue to rise.
So, advice for traders, especially futures, there is no time now to bet on the rise of Bitcoin, especially with the approach of the end of the year and New Year's celebrations, where it may happen that some withdraw liquidity in order to save money for the celebration, so you have to wait.