Altcoins have regained market share. Bitcoin dominance is below 70%.
Current support/resistance: $10'200/$10'400
The formation of the downward triangle continues for Bitcoin. After the strong resistance observed at $11'000, the price encountered significant buying pressure this weekend to return close to the 20-day moving average. Based on what happened in August, the $10'000 level should be carefully observed. Indeed, the momentum is bearish and it is likely that we will retest the $9'100 if this support does not hold. The RSI is back in an oversold region and the MACD lines are close to converging to confirm the current bearish trend.
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