BTC price analysis, 02.13.2022

BTC-USDT, daily chart

Price action: BTC is just normally retracing to the nearest support: it slightly decreased from the big liquidity zone between 44 and 46k, where also EMA 200 passes. Now price is lying on 41500, where are also dynamic supports given by 20 and 50 EMAs. As previously written, there is space below the actual price for a higher low as still as we hold 39-41k. MACD is slightly decreasing but for now is good.

RSI indicator: RSI is upon the middle line and is making higher highs, so another little bull run could occur.

Volume analysis: volumes seems to be forming a bullish flag due to red decreasing candles, also these one are above the average, so the market is quite alive.

BTC-USDT, weekly chart

On the weekly, situation is not good as it might be: last candle is a very bearish one because it did not get past the EMAs and actual price is on the same level wehere the big dump candle started. For this reason, a compression between 39500 and the liquidity zone at around 45k could occur.

Total market cap, weekly chart

It is not a good season especially for altcoins (ETH first of all), and we can repeat the same considerations given on the BTC weekly chart. Anyway, as long as 1.75T holds, the situation is not much worrying.

BTC dominance, monthly chart

BTC dominance is compressed between levels that come from 2018: it is slightly increreasing, but in the next month it could hit that bearish trendline, EMA 20 and the 44% level, so it would be space for altcoins to grow.