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Expert analysis suggests all is not well for Bitcoin price strength by lupafilotaxia

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· @lupafilotaxia ·
$2.14
Expert analysis suggests all is not well for Bitcoin price strength
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<center><img src="https://s3.cointelegraph.com/uploads/2023-12/311c8f9f-24dd-4e8e-bc16-8a3cae66abd7.png"/></center>
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<div class="text-justify">Well the price action of Bitcoin main cryptocurrency by market capitalization has reached a level where uncertainty echoes among traders, however, for those who somehow know how the technical structure of the price action works it is highly likely that Bitcoin will correct below $40,000. </div>
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<div class="text-justify">According to expert approaches at present, it is most likely that in the following days Bitcoin will maintain its dominance over the rest of the cryptocurrencies, which would mean that the price action threatens with a possible high in search of $45,000. </div>
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<div class="text-justify">For William Suberg, "Bitcoin bulls kept the momentum going into the end of the week's Wall Street trading: BTC/USD hit new 19-month highs of USD 44,729 on Bitstamp on Dec. 8"</div>
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<div class="text-justify">Now, another of Suberg's approaches is that "Cointelegraph Markets Pro and TradingView data recorded a subsequent return below the USD 44,000 mark, with Bitcoin consolidating in an intraday range." </div>
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<div class="text-justify">In this regard, it has also been reported that "Altcoins extend intraday gains, and some believe that such a reversal in dominance will allow altcoins to initiate a major rally of their own, a phenomenon commonly referred to as "altseason".</div>
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<div class="text-justify"><h3>SOURCES CONSULTED</h3></div>
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<div class="text-justify"><strong> Cointelegraph. </strong> Bitcoin dominance threatens ‘likely top’ despite BTC price eyeing $45K. <a href="https://cointelegraph.com/news/bitcoin-dominance-likely-top-btc-price-eyeing-45k" rel="noopener" title="This link will take you away from steemit.com"> Link </a></div>
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<center><img src="https://i.postimg.cc/rF5YhtDV/Banner-Fuente-consultada-I.png"/></center>
<div class="text-justify"><h3>OBSERVATION:</h3></div>
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<div class="text-justify"> The cover image does not belong to the author: @lupafilotaxia, the image was taken from: <a href="https://cointelegraph.com/news/bitcoin-dominance-likely-top-btc-price-eyeing-45k" rel="noopener" title="This link will take you away from steemit.com"> Cointelegraph </a></div>
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