Bitcoin will be trending down here we might come down and retest below 10,000 again here but i think we might see a break to the upside here before we see the next leg down which could potentially take us down to the come futures gap or even lower
This is not somethingi'm acting on unless we break this resistance you can see clearly a resistance right there and a resistance rejection right there if we break this level then in my opinion we should probably look for a small short term bounce here
I really really feel like filling the gap seems to be something that bitcoin really wants
to do right now speaking of the gap a look at the come first gap we can see how bitcoin is very very close to feeling it now i mean we're getting closing closer every day here investers is talking about the come gap and usually the market does the opposite of every what everyone expects this leaves us with two options either the come gap is not going to get filled now
We're just going to go back up again because that would be the unexpected the expected would be to go down and fill the gap and then go up maybe that's not gonna happen so either we're just gonna go straight up here and not fill the gap or we're probably gonna go way lower than the gap bitcoin dominance is now at 57.5 percent
Bitcoin has had a correction and the all costs have corrected even harder if you go over to glass node they made a nice little review here of the bitcoin price against altcoins and here you can see all comprised performance against bitcoin these metrics are from the last week
This is bitcoin and essentially most altcoins are in the red against bitcoin there are a few altcoins that are up against bitcoin
