π₯ Bitcoin is still the KING!
Hello!
A lot of money has been flowing through altcoins lately. Specially since Bitcoin approached the $ 10,000 mark. Some of the altcoins spiked in value more than Bitcoin, but when the King says that the party is over, the party is over.
Today at the time of writing this it "dipped" just a few hundred dollars to $ 11,500 and all the altcoins suffered a lot of sell pressure. Most lost all the gains of the last days are gone. But the question of the day is...
It is just a healthy dip?
It could be, in fact there are some good resistances above 10k that could help Bitcoin.
I think that Bitcoin needs to recover with fresh air, the most awaited Bull Run could happen this year at any time.
The pattern seems to repeat, a lot of money is flowing from Bitcoin to Altcoins. Last Bull market it went below 40%, now according to TradingView we are still above 60%.
For sure it is a number to consider in the future.
I am feeling really tired today, this is going to be a short post. See you!
Enjoy! π
