📈 Bitcoin Dominance & Altcoins Season Confirmed!

On the 13th of July, the Bitcoin Dominance index chart produced the strongest bearish candle since June 2022, signaling that the Altcoins market is ready to explode!

Altcoins Season Confirmed

This strong bearish candle breached EMA50 as support as well as EMA10 and EMA21. The potential just switched from bullish (above these levels) to bearish (below).

The MACD and RSI confirm this strong bearish move.

What happens to Bitcoin if the Bitcoin Dominance chart drops?

Bitcoin remains king and will continue range trading/sideways for as long as the Altcoins need to move 2-3 levels up.

Once the Altcoins level up, Bitcoin resumes growing and hits a new high.

Bitcoin has a wide range to trade in while the Altcoins grow.

Bitcoin can trade within $27,300 and $31,500 and continue with a 6,000% bullish bias. Any trading above $20,000 is considered strongly bullish based on any and all standards that you can think off.

The whole dynamic is positive.
Everything positive this summer.
Let it grow.

The bullish wave can last between 3 week and 2.5 months.
(Longer duration more likely...)

Namaste.