Bitcoin and altcoin overview (October 03-04)
2024-10-03

Yesterday, we validated our described scenario for  Bitcoin  and started trading sideways between two volume zones.

At the moment, on the cluster chart, we can observe anomalies located in the lower part of the flat. With a false breakout of $63,000, a resumption of buying up to the next selling zone is likely. In the absence of a repeated buyer reaction at the local low, the decline may continue.

 Buying zones:  $63,000 (lower border of the sideways range), $57,000-$56,400 (volume zone).

 Selling zones:  $63,450-$64,000 (volume zone) $64,300-$65,000 (mirror zone), $66,500-$68,200 (volume zone), $72,000 level (seller's market activity).

 Interesting altcoins.
 
For  DOGE  coin, we have reached an important volume zone. If the long scenario for Bitcoin is realized, the potential movement for this coin will be about 25%. If the decline continues for the first cryptocurrency, this scenario is canceled. 