Hi hive friends.
Hopefully all of you are fine. After a full week today we have seen Bitcoin break its 28,000 support for a while but then bounce back above 28,000. If it breaks the Support again a couple of times, then we'll see it go up to $27,000. Most of the time now, we will continue to look at the market the same way until a CPI report comes along.
In the 24-hour chart we can see that the Bitcoin support is coming down, indicating that we will continue to see it come down in the next few days if it breaks below 27,000. If the support breaks, it will be seen at 26,500.
If you look at its chart, it is completely different from Bitcoin today, The way we can see that it still has four cents up it today suggests that if the Bitcoin holds this level, we could see a nice pump in it in the coming days.
After looking at the market, you will also know that today hive pump and dump. Today it's got a big whale enter in it and then as it's gone up a little bit it's taken out its money and made a profit which is why it's back to where it was.
With the market coming down we can see how the value of the dollar has increased in a way that people are a little afraid of putting all their money out of bitcoin and into the dollar. The way the dollar is slowly moving up now, it looks like the market could be looking lower in the coming days.
The way we see it's dominance is also gone up so the little bit of money that's come in has also come into Bitcoin which is why it's gone up. Until it comes down, we will see the rest of the market remain flat and go down.
