BTC 4h The last meters to the finish line of insane growth.

14 nov 2020

Steadily and confidently buyers broke the range $15,700-15,800 and continued the movement of the BTC price to $16,480.
Even with increased volumes, sellers cannot change the current situation. The price rises in an unusual manner (impulse, consolidation - impulse).

The critical point of the growth trend has moved from $15,400 to $15,960. Given the slow price growth with local rollbacks, sellers may test this mark. And at this mark the future trend will be solved:

• Will there be buyers recharging and whether they will test for strength the level $16,775.
  
  
• Or they will break down on larger volumes, than with high probability, will begin the trend change.
  

This weekend is a chance for sellers to seize the initiative. And most likely sellers will try. It is evidenced by the uncertain exit of the price from the 4-day consolidation below $15,800.

On the dominance chart, the figure reached 65.99%. But yesterday's daily candle closed at 65.23%, which began to hint that interest in BTC may sharply fall from next week.

For altcoins, it is important that possible BTC correction occurs without sudden movements. In this case, there will be a possibility of continued growth. Otherwise, we doubt that frightened BTC investors, in a panic, will start buying other coins instead of sitting out in fiat.

And how do you see the current situation?
Is it time for BTC to take a break from such a growth marathon?
Write your opinion in the comments and leave your charts!
___________________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)