Looking at ETHBTC trading pair, ETH is showing an upward trend. I am thinking this can be an indication ETH will outperform BTC on the coming days/weeks. Let me know what you think!
BTC seems to have gone into a dwon trend with current support at roughly 53K. Things seem to be converging towards a decision point in around 18 hours from now. Looking at decreasing dominance my guess is we will take a step down to next support level around 50K. What are your thoughts?
The bull run from roughly mid December last year till mid January 2021 ended with a drop of some 30%, after which the market moved sideways for a week, before beginning to climb again. Interestingly enough there are a lot of similarities in the current bull run. If the pattern will repeat itself, we might be heading towards another 30% drop towards a 40K support...