Prices moved up by around 5% and are now back to entry levels. | Hashed Plutus (Crypto Signals, Technical Analysis, Education and News)

Prices moved up by around 5% and are now back to entry levels.

January is a fantastic month for DeFi and Ethereum based projects. Let them ride. Bitcoin dominance is expected to hammer lower.

Why is that?

Not much of new money is expect to flow in this month and the existing players can't satisfy their greed with Bitcoin's ranging price movements. They turn to altcoins. And the cycle goes on.

For BTC, I expect a run up but not strong enough to break all time high. Probably losing steam towards the $60,000 mark.