Will BTC go sideways from here?

23 thg 3, 2021

Here's a quick look at BTC daily chart. As we can see, the price broke down from the rising channel and went all the way down to 53k where we found some support and bounced. The price is right now forming a new falling channel, and if the price somehow manages to break it to the upside, we are then going to new ATH for sure. There's bullish divergences to be found on the lower TF's that indicates a bounce from these levels.

If BTC goes sideways for some time now, and decides to oscillate in the falling channel, then the alts will get some room to run. Alt season is near :)

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BTC dictates the market. If BTC falls, then Alts will fall as well. BTC needs to get stable before alts can run. Trade safe!