BTC reached this week new ATH (again), its price on higher time frame shows a clear uptrend (on daily chart) towards 50k, yet the weekend is here, and as we've experienced the last weekend the prices started to drop. BTC's dominance on the crypto market is around 60% and slowly started to increase, indicates the accumulation of BTC. Good news for BTC holders, not as good for the alt holders. This weekend I expect some slowdown and zig-zag between 49k and 43k, could be good for scalpers and swing traders. 39k (on 4h chart) is the bottom of the kumo cloud, if the price drops below this line, it could change the whole pattern and may indicate a smaller correction.
Hourly chart seems to confirm the minor downtrend has started, I expect a stronger support at 43k.
