Sorry for the click-bait title, but Bitcoin is doing just fine. There are some posts/videos out there that would have you think otherwise.
As the chart shows, Bitcoin is currently finishing a short-term pattern.
Zooming out we can see the longer pattern that Bitcoin broke out of, as well as the resistance that should now become the support at roughly $10400 USD. There are likely buyers waiting at $10400 to buy in, and I'm anticipating the price to bounce off that.
As usual when Bitcoin corrects the altcoins fall harder, so a Bitcoin bounce off 10400 might leave some good buying opportunities in the altcoins. As for Hive it seems to be completely ignorant of Bitcoin these days, which is good. The more we can decouple from Bitcoin the better, in my opinion. I could be wrong.
Have a great weekend. Thanks for dropping by.
