Bitcoin is currently moving sideways. Currently, the price of Bitcoin is trading above $100,000, especially around $120,000 to $150,000. But at this stage, due to the high dominance of Bitcoin, other coins were slightly down. Whenever Bitcoin dominance drops slightly downwards, a good movement can be seen in some of them. But when Bitcoin dominance goes upwards again, we see a bloody situation in the market and every coin is filled with red candles.
[source](https://pixabay.com/photos/coin-silver-gold-currency-bitcoin-5282271/)
So currently, the price of Bitcoin is moving in a certain range and everyone is a little worried in this position because in which direction can Bitcoin move next, it can be downwards or upwards or it can create a new all-time high again? Although there is no negative news in the market at the moment, another thing is Donald Trump. Whenever Bitcoin comes to this position, Donald Trump starts a new tariff war. He has again imposed tariffs on various products, which is providing some negative news for the market. Another issue is the invasion of Ukraine by Russia.
However, these can have a negative impact on the market. We can see a Triple Top on the chart which looks like a bearish pattern. If the current trade line breaks, the market will come to $98000-$97000. If it breaks, it may come to this situation, but another thing is that it may not come to this situation. Nothing can be said for sure here. If it breaks at $97000, the next market may come to $92000 because there is a gap at $92000 on CME. So if you take a trade in this position, then you should definitely take the trade using stop loss. So trade carefully. Do not buy and sell without understanding.
However, one positive aspect is that there is a huge amount of liquidity on the upside. If Bitcoin dominance drops a little or there is no bad news in the market at the moment or even to end the liquidity, I think the market will move upwards. It may create a new all-time high again. However, in this situation, you must do your own research and take the next step. What do you think? Will Bitcoin create a new all-time high or go down?
