BTC: I think it'll go to 58K
2024-10-04

If the break out from this bull flag will happen in this month I expect a retracement to the middle fo the flag (more or less 58K or a bit lower) and then a pump toward the break out. 

DXY is going up but so BTC.D as you can see here:


I always expected BTC dominance to reach 60%, this could in part lead to BTC price going up as I don't think all the money would flow into fiat or stablecoins. However if we remain on BTC chart analysis on 4h there is a bullish DIV on RSI and a hidden bullish DIV on OBV. Moreover with the weekly shaping this way 



it's really unlikely we'll see a green candle this week, so plenty of time to make a new local low.
Take the occasion to buy the alts you think are interesting and with good potential.

Good luck.