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.
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Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism
For now,we don't know were BTC is going because it have not form any structure,but I know it will form a strong support before it will go up again.
Once it break 46k,we may expect up trend but once it break 43k,we will expect down trend.
Thanks for the update.
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hi @huang-hsin, I see that you are relatively new to the Hive. Welcome :-) did you realise that you are using a tag for a contest for which this post bears no relevance? I speak of the WOTW tag. I have seen a few people using this tag incorrectly this week on articles about cryptocurrency and the BTC movements. Would you mind letting us know why you have used it? It would be useful to find out the source of misunderstanding so that these articles crypto articles don't continue to get included in the WOTW curation pile for which they don't qualify, as they will not be able to be curated on that basis and it means that you are doing yourself a disservice when you could have kept the tag space for another tag more beneficial to yourself :-) I am just trying to help :-) have a great Sunday... @scholaris I will put a little edit update in my own contest post for newcomers to the Hive from 1st July onwards (I have tagged them all in my post lol) just to remind them to make sure that the tags they are using are relevant to their posts, so as to bring them the most benefits and the least discord ;-) and I will highlight the WOTW tag as an example.