Now BTC Dominance is 39.9% with Market Cap: $185,459,659,063
The Bull pushed the price up and we will have to see if the Bear can pull it back down again.
Look at HH (previous resistance). It can repeat gain even with higher gain if buying sentiment grows stronger (HIGH)
Notice the Yellow Line 50 MVA is being crossed. If the Bull can cross that line, then the trend will probably bullish but if the Bear pull it back down then we would expect it to hit Blue Line 100 MVA (LOW)
The market is still in Bearish mode, so please trade wisely
NOTE:
Technical analysis employs models and trading rules based on price and volume transformations, such as the relative strength index, moving averages, regressions, inter-market and intra-market price correlations, business cycles, stock market cycles or, classically, through recognition of chart patterns.
In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume.
https://en.wikipedia.org/wiki/Technical_analysis
