Bitcoin snatches market cap dominance from altcoins as BTC price bounces from intraday support.
as the week began, with BTC/USD heading to $27,300 before reversing to trade near $27,700 at the time of writing.“Important area now because losing that level would take prices back to 1W demand. More importantly, around here into tomorrow buyers need to establish price control for a move higher.”$BTCSome market participants were broadly optimistic, among them Michaël van de Poppe, founder and CEO of trading firm MN Trading.
In his latest X post, van de Poppe described altcoins as being “hammered” by sell pressure, while Bitcoin held support.that “most likely the path towards $30K is going to start from here,” with an accompanying chart showing relevant resistance levels.War, CPI and $28K BTC price — 5 things to know in Bitcoin this week
Bitcoin’s share of the overall crypto market cap hit 51.35% on Oct. 9, marking its highest levels since mid-July.“A lot of Altcoins looking like they are breaking major support zones and bringing us some juicy short entries,” popular trader Crypto Tonycontinues to range as we bounced off the support zone yesterday. I remain long until we lose $27,200, which then i will look to short downThis article does not contain investment advice or recommendations.
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