Topic: Bitcoin market view - page 2. (Read 248 times)
Bitcoin has been hovering closer and closer to the psychological milestone of 100k in past weeks but the market has finally reacted to the $100k zone and taken a correction back to 92K, early long positions were fatally liquidated.
Whether this will last or just be a minor pullback is yet to be seen.
What if we get to see 90k it’ll be interesting to see how the market will react if we touch down 90K.
Altcoins are slowly responding to this dip, different from how they normally react with bitcoin.
For now I’ll like to still go long on altcoins especially those that have not really touched their growth potential.
Bitcoin still maintains dominance despite the reduction and I think it’s making provision for a new long position giving investors atleast a decent entry point. You know people are always eager to buy a dip and as such pushing the market cap higher.
So as you all know higher market cap equals higher dominance and price increases.
Long positions are still advisable, however don’t be too over excited, anything can happen.
Though I don’t expect it’ll dump lower than this, lowest I think will be 90k. What do you think?
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