(12/28, Tue) btc has broken $52k since 12/3, but closed flat with the dominance rebounding due to altcoin's correction

in #btc3 years ago

Yesterday(12/27 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $50775, its lowest as $50436, its highest as $52147, its closing as $50700. After reaching a low in about an hour after the start of Monday, Bitcoin climbed up in two N-shaped upward patters on the 15min chart, reached a high over $52k, and returned all upsides until the close of the day and closed flat.

If you look at the 4hr chart, it can be seen that it broke through $52k which had never been broken since the great decline on 12/3, and this could be considered the first step towards $57k. On the other hand, the dominance rebounded to 40.2, but it is doubtful that the some altcoins that have risen sharply in the meantime are seeing corrections as result of the scenario which I said many times.

In the financial market, the year-end window dressing effect made the stock rise for 4days in a row which looks forgetting the bad news, but it is questionable whether the stock market will keep rising as there is a forecast that the US FED's rate hike may be advanced to March next year. And the crypto market is expected to set the tone for the begginning of next year depending on how it wraps up this week and the year-end.

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