Market Update - After the CPI reading yesterday, Bitcoin re...

Market Update –

After the CPI reading yesterday, Bitcoin reclaimed the key level of $119.3k (Weekly Open.) This has now been retested and held as support for the past 24 hours. If we see any retest below this today then I would want to see a strong reaction around the area of $118k (Monday Low.) However, as long as $119.3k is being held as support, then we can expect a move back towards $122.4k (Monday High.)

Altcoins are performing well again as Bitcoin Dominance is heading towards the lows see at the start of the year. I will continue to look for solid altcoin retest opportunities.