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How long will Bitcoin's euphoria last? When is the altseason?

CRYPTO:BTCUSD   Bitcoin
Hello everybody!

I want to consider the sharp growth of Bitcoin in recent days, or rather how long it will last, what are the final goals and what can we expect after.

It looks very much like Bitcoin is currently working off its head and shoulders with 1D, with an end goal of $49,000-$50,000.

And even more interesting is that on the weekly timeframe we can observe a red pinbar, on which 100% many opened short positions and their targets were not closed! This means that there are many stops for $ 49,000. Activation of which + short squeeze can raise the price to $ 52,000-53,000.

At the same time, altcoins are growing quite poorly now and this can be seen by the dominance that is growing with Bitcoin. And until the dominance on the weekly timeframe is fixed above 54.56%, our attention should be focused on the head with shoulders at 1W. This figure can give us a mini altseason, more interesting than it was in 2023

And don't forget about halving after 2 months and how it affected the price before/after earlier.

We draw conclusions:
  1. Bitcoin is growing to $ 49K-53k.
  2. The price of $ 50k is very interesting for long-term holders, they see halving in April, and this is a harbinger of a serious correction, plus a round price. So I expect profit-taking at this level and money flowing into altcoins.
  3. All this will lead to distributionat a level just above $ 50k, at which the dominance will begin to work out the head and shoulders, and altcoins will begin the second mini altseason.
  4. After all this, a moment before / after the harving, we will see a rapid correction to the area of $ 30k because there is a void in volumes.

It would be interesting to hear your thoughts in the comments.

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