Jaynguyen (jaynguyen)
Don’t count what you lost, cherish what you have and plan what to gain because the past never returns but the future may fulfill the loss.
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A positive signal is the absence of significant selling volume, indicating that whales have solidly accumulated in the price range of 16 - 20k$. I believe that this range has formed the bottom of this current downtrend.
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In the coming days, I don't expect $BTC to increase by much; there is limited room for growth. In my opinion, the maximum potential is around 38k, and it may quickly correct back to the 32 - 33k range. We will continue to monitor the situation from he
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Regarding altcoins, here is the Total3 chart (market capitalization of #altcoins). I expect it to rise another 8-10% so that some altcoins that haven't capitalized on this momentum can benefit. For me, this may not be the altcoin season, but it's an important turning point as it has broken the downtrend trendline.
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$BTC on the daily timeframe appears to be showing signs of a slowdown in its upward momentum. Trading volume has also significantly decreased. Compared to the trading volume earlier this year, it seems that only retail investors are currently buying and pushing $BTC to the current level of 35k.
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