📈 BTC Ranging After $123K Pump — Key Support/Resistance & Altcoin Outlook
After a strong rally to $123,000, Bitcoin is now ranging, and what’s important to note is that BTC Dominance was falling both during the pump and the consolidation — a sign of strength in altcoins.
🧠 Key Levels to Watch:
If $116,289.3 breaks, consider partial profit-taking, especially if you're in alt positions, or adjust your stop-losses upward.
The zone between $116,289 – $116,773 is critical. If it fails, we could see a drop toward $113,000 – $113,713.
As long as BTC is above $111,000, the bullish structure remains intact — I’m personally not shorting in this range.
The next bullish trigger I’m watching is around $120,538.6 — not confirmed yet.
🧭 Dominance Signal:
If BTC corrects, I expect BTC Dominance (BTC.D) to bounce to around 62.73%–63.17%.
But if BTC continues to range or goes higher while dominance drops, altcoins may outperform — keep your eyes on strong setups.
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💬 What are your top altcoin picks in this BTC range? Let me know below!
After a strong rally to $123,000, Bitcoin is now ranging, and what’s important to note is that BTC Dominance was falling both during the pump and the consolidation — a sign of strength in altcoins.
🧠 Key Levels to Watch:
If $116,289.3 breaks, consider partial profit-taking, especially if you're in alt positions, or adjust your stop-losses upward.
The zone between $116,289 – $116,773 is critical. If it fails, we could see a drop toward $113,000 – $113,713.
As long as BTC is above $111,000, the bullish structure remains intact — I’m personally not shorting in this range.
The next bullish trigger I’m watching is around $120,538.6 — not confirmed yet.
🧭 Dominance Signal:
If BTC corrects, I expect BTC Dominance (BTC.D) to bounce to around 62.73%–63.17%.
But if BTC continues to range or goes higher while dominance drops, altcoins may outperform — keep your eyes on strong setups.
---
💬 What are your top altcoin picks in this BTC range? Let me know below!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.