Currently Bitcoin is treading above 57000$ and Its weekly closing is also above 50500$ which is very positive for BTC. As per the past record the month of October and November is also always green for BTC as you can see the picture provide below.
Based on above talk and after my some research it can be clearly say that BTC is ready to break its all time high(ATH).
DOMINANCE
Now if talk about the Dominance of BTC which also affect the price of bitcoin then the dominance is also increasing day by day From 21st September. Increasing of dominance is good for bitcoin.
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| BTC Dominance Source: Treading View |
Based on above talk and after my some research it can be clearly say that BTC is ready to break its all time high(ATH).
BUT WAIT....
Lets also talk about some indicator which also help to predict the price of any coin. So first if we take RSI in Bitcoin 4hr chart then is show some bearish divergence it mean BTC can take correction at any time because BTC price is continuously moving upward from past few days and RSI is goin downward.
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| BTC/USD 4hr Chart Source: Treading View |
This is divergence is from 7 October in 4hr chart but didn't played yet. So according to this BTC take some correction it can be upto 50000-52000$.After this correction BTC is ready for it's nee All Time High.
Thanks For Reading My article...