BTC dominance has been declining for several weeks and as I mentioned earlier, the Altcoin season may have started. If the downside continues, you could take advantage of this by trading ETH / BTC. If you have some BTC in your portfolio it might be an idea as well as diversifying with other altcoins. The daily chart looks well set, what do you think?
Returning to Bitcoin, we see that on the daily chart it formed a minimum at 46250 almost on the 45959 Fibonacci retracement and then restart by downloading the oscillators a little. I believe that yesterday's close above 48000 can give an impetus in the next few days to test the resistance at 50500 and then break it to get to the 51500 area. As usual, I am attaching the levels for intraday trading.
Happy trading everyone.
Chart from tradingview.com
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