Bitcoin unable to hold the daily 200 MA and now trading below it. Bitcoin is now trading below $45,000, the next support on daily chart is near $42,800. We may see a retest of $42,500-$43,000 in this week. $48,000-$50,000 is the key level to flip and bulls need strong movement with positive news to break it. This is just a correction and Bitcoin is bullish as long it trading above $42,000.
Bitcoin dominance bounced from 44% level and the recent spike is because of the BTC pump dump. Overall BTC dominance is bearish and once BTC stable we see good move in alts again. We may see a retest of 46 before next downwards movement.
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