Date: 2023-06-22T16:36:16Z Creator: Bitfolio Academy
Yesterday, Bitcoin was ablaze, soaring to a 20-day high and blazing a trail from bearish to bullish! On the daily chart, the buy signal was unmistakable, and it was clear that the bulls were stampeding in!
With resistance at $30,800, BTC will need to muster all of its strength to break through and move towards its next target at $34,500. My year-end target for BTC is a whopping $39K – and it’s looking very, very likely that we’ll hit that target well before the end of the year!
Bitcoin dominance is up to 51%. This is an indication that Bitcoin is moving against altcoins. This means that investors are thinking that Bitcoin is the safer investment at this point in time. My year-end target for BTC dominance is 60%.
Let me know in the comments. 🤔
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Disclaimer: I am not a registered investment advisor. All data is provided for information purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions.
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