184
BTC on the weekly looks set to have one of the most significant red closes in months. This could be the week where we perhaps hit the long-term 0.382 Fibonacci support at 41297 before expecting a medium-term continuation to 50300, long-term resistance. If Bitcoin closes on a weekly basis above 50300 without testing the support at 41297, we could expect to hit the previous highs.
We are below the 200 moving average and above the 50 one, on the daily chart the trend line that has supported the rise so far is being broken, even with the 4-hour chart. BTC dominance stands at 42.29% demonstrating the fact that there is more interest in altcoins.
Next short support 43770 the next 42600. Next short resistance 46750 and then 48144.
Returning to the daily I am attaching a table of BTC and SOL which has recently been very successful.
Chart from tradingview.com
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