in the latest analysis, I have discerned that Bitcoin is having erratic movements that do not match the graphical analysis, and that is where fundamental data that affects the market is most influential. Seeing that Bitcoin retreats every time it reaches the resistance at 62k indicates that it still does not have enough strength to break this resistance, and the potential news of a recession is increasingly affecting it. On a positive note, we can see that as Bitcoin's dominance index decreases, altcoins are taking better advantage of market impulses and resisting setbacks much more. Personally, I believe that the price increase is a momentary force to withstand any negative fundamentals that may affect the market.
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in the latest analysis, I have discerned that Bitcoin is having erratic movements that do not match the graphical analysis, and that is where fundamental data that affects the market is most influential. Seeing that Bitcoin retreats every time it reaches the resistance at 62k indicates that it still does not have enough strength to break this resistance, and the potential news of a recession is increasingly affecting it. On a positive note, we can see that as Bitcoin's dominance index decreases, altcoins are taking better advantage of market impulses and resisting setbacks much more. Personally, I believe that the price increase is a momentary force to withstand any negative fundamentals that may affect the market.