BTC Attempts to Retrace
2024-11-28

Bitcoin (BTC) is currently attempting to retrace its recent gains. While Bitcoin dominance is showing signs of an upward trend, and (MACD) indicator is indicating potential bullish momentum, a sudden market sell-off or liquidation event could trigger a price decline. Such a scenario could potentially pave the way for a subsequent rally and a new all-time high or touch the 99K again. 

The subsequent low will depend on the depth of the potential price decline.

If the price drops below $90,600, it could result in a temporary bottom. However, if the price holds above $91,000, it may signal continued bullish momentum and potentially lead to a new all-time high.