Bitcoin Looks Stronger Compared To Altcoins – Demand Remains Strong As Price Consolidates In A Range

Bitcoin and the entire Crypto market witnessed a set of fluctuations yesterday, as it drowned in concerns about an American trade war before rapid recovery. The price fell more than 9 % in just a few hours, as it reached a decrease at 91,530 dollars, only to wear more than 12 % after reports that President Trump is negotiating with Mexico and Canada to raise the tariffs. This shift in feelings quickly fueled renewed optimism throughout the market.

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Supreme analyst Daan participated in a technical analysis of X, with a highlight of Bitcoin’s flexibility amid uncertainty. He pointed out that BTC still seems much stronger than anything else on the market, while maintaining the steel upward trend when width from a broader perspective. Despite aggressive sales, Bitcoin remains structurally healthy, with strong demand levels that prevent deeper corrections.

With the return of BTC trading higher than the main levels, investors closely monitor to see if the cryptocurrency can maintain this momentum and push towards its highest levels. The coming days will be very important in determining whether Bitcoin can enhance its position as a dominant origin in the market or whether the additional volatility will test its strength again. Currently, Bitcoin appears to be driving market recovery, proving its flexibility again.

Bitcoin holds an upward work

Despite the recent fluctuations and aggressive sale, Bitcoin continues to show strength compared to Altcoins, which proves its dominance in the market. While many Altcoins are struggling to recover, BTC has quickly recovered from its lowest levels, which enhances its position as a pioneering origin. Yesterday’s price procedure confirmed that Bitcoin is still in control, and the long -awaited altseason may be delayed so that Altcoins can catch up with BTC momentum.

Supreme analyst Dan A. Technical analysis on xHighlighting the elasticity of bitcoin. He pointed out that BTC is much stronger than anything else on the market and still looks completely good when zooming. According to Daan, Bitcoin’s request is still much higher than other assets, especially during times of uncertainty. This is evident in the last market movement, as BTC recovered quickly while most Altcoins remained stagnant or continued to decline.

Dan’s analysis reveals that bitcoin is currently being circulated within a specific range, with an increase (ATH) of 109 thousand dollars at the upper limits and strong support at the level of 90 thousand dollars. As long as BTC is part of this range, the possibility of another outbreak is still high. If Bulls managed to push BTC above ATH, the new upper upward phase will start, it is possible to leave Altcoins to succeed.

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Another major factor that leads bitcoin dominance is the institutional interest. Modern data from the main analysis platforms reveals the series that Bitcoin accumulation is still strong among the whales, with a large holder continues to add BTC despite the uncertainty in the market. Unlike the previous market courses, as retailers have led an increase in prices, this gathering appears to be fed by institutions and their long -term holders, making it more sustainable.

Test the levels of demand for the key

Bitcoin tests the decisive liquidity less than the $ 100,000 mark, is currently trading at $ 99,400 and trying to find a strong foot before its next step. The basic procedure is still unexpected and very volatile, as investors closely monitor the main levels of signs of possible outbreak or the negative side.

In order for BTC to confirm short -term strength, you must recover and maintain a sign of $ 100,000 as support. This level is a psychological and artistic barrier, as soon as it is secured, it can lead to the regeneration of the bullish momentum. If Bitcoin is struggling to maintain this level, it may follow more monotheism less than 100 thousand dollars, which delays any attempts.

The level of 98 thousand dollars is another decisive support area. As long as BTC remains above this mark, payment remains above $ 100,000. Loss of this level may lead to a deeper decline, and test low -demand areas before another attempt to restore higher levels.

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To restore the full upward momentum, Bitcoin must restore the 103,600 brand, which is a major resistance level with limited escalating movements in recent days. A successful decline above this level will pave the way for a massive gathering towards its highest levels, and opens the door for BTC to enter the discovery of prices again.

Distinctive image from Dall-E, the tradingView graph