Bitcoin at Critical Support! Is it a Threat or an Opportunity for Altcoins?
Hello dear friends. Today's topic on our Eko Kripto channel is:
Critical Support in Bitcoin! Danger or Opportunity for Altcoins?
Today we're discussing the most critical levels in the market for Bitcoin, altcoins, gold, silver, and oil.
Bitcoin has retreated to around $79,700. Although selling pressure in the market is increasing, the structure hasn't completely collapsed. The altcoin season index is at 44, meaning that money hasn't fully spread to altcoins yet. This shows that Bitcoin is still the main directional determinant in the market.
In this video:
Bitcoin's 79,000 – 78,000 support zone
Risk and opportunity areas in altcoins
Why did gold remain weak?
Why is silver still stronger?
Is there a possibility of a new rise in oil?
Will the sell-off deepen in the crypto market?
Levels to watch in the short term
The Fear and Greed Index is at 47, meaning the market isn't fearful, but it's not comfortable either. The Altcoin Season Index is at 44. This chart tells us that the market is still Bitcoin-dominant and selective.
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