Technical analysis by mshahalinia about Symbol BTC: Buy recommendation (8/13/2024)

Bitcoin Dominance corrected yesterday as much as the last 7 days and returned from the 57.5% point. Also, the weekly resistance of Dominance is 57.2 and the acceleration of Dominance's weekly rise is decreasing. Dominance Tether is below the very strong daily resistance of 5.77%, which became very high yesterday. And if it is rejected again, there is a possibility that the market will rise for a few days. Also, the 150 and 100 weekly movements are above the head. But the bit itself, which fluctuated a lot yesterday, but thanks to dominance alts, it is not in a good condition and is mostly bullish, and it has been rejected from the range of 61,000, and it is likely to see 56,500. But it is resting for 4 hours. It is most likely to start another attempt to test the range of 60 thousand.