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Tradingview mft btcMFT BTC para BINANCE:MFTBTC por rgarcia77 — TradingView
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Bitcoin is often called the first crypto currency. Bitcoin is better described as the first decentralized digital currency. It is the largest of its kind in terms of total market value. Bitcoin is an instrument of alternative finance, which has emerged outside of the traditional financial system.
The price is close to the 4H MA50 and so far it has held three times on respective Higher Lows attempts. This is causing BTC to consolidate within a Triangle. Triangle's are common within the dominant medium-term pattern, which since late October is a Bullish Megaphone and I have analyzed this extensively numerous I want to tell you right away that the situation with Bitcoin is now very shaky, it literally hangs in the balance.
The fact of the merging of altcoins and the growth of domination only confirms the fact that people close their positions and enter the cash or stable coins, and bitcoin stands still - everyone is waiting for the next step from it. If we The infamous "Then they fight you" phase started! Merry Christmas. As bitcoin dominance is going up for past few weeks , now looks its a time for a big pull back and give alts to grow again. The weekly BTC consolidation continues to deplete market participants.
During the last attack of sellers, the price could only touch this range. As a result, buyers have formed a new local trend line. The price of BTC continues to remain between critical points. Buyers are There is no correction at this moment! Looking like alts could be testing ATH sometime soon. Left Picture is money coming into alts and right is BTC. Hello, dear subscribers! It is broadly known, that the Ripple has very negative fundamental analysis according to the last news.
The price immediately reacted with a huge dump. On the right chart we can see two global support lines. The price have already broken down the support 1 level but Lets look at what the price did the last 6 years when btc opened up a new year with an untested yearly pivot.