Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Let's talk about market. In the last 48 hours, the crypto market has shown a strong recovery. Bitcoin has bounced back, and many altcoins have seen gains of 30–40%. However, despite this recovery, most altcoins are still trading below their previous highs. The Premium Index for Bitcoin is currently in the negative zone, suggesting that Bitcoin might still have room to grow before it becomes overvalued. As long as the Premium Index remains negative, there is a possibility for Bitcoin to hit new all-time highs. Historically, every time the Premium Index turns positive, the market has peaked, and corrections have followed. Also, Bitcoin dominance is testing resistance levels, and a breakout or rejection here will decide whether altcoins can continue their recovery.
@abfarhan