Hello everyone, the btc dominance is looking for a potential bearish reversal, the rsi can be seen trending downward as buy pressure is drying up. I believe this the dominance will soon fall under its multi month support around 40% and lead us to an alt season. All of the conditions of alt season are met:
Bitcoin topped at 69k, ( reached 4.236 fib extension) Bearish divergence also on the weekly Most alts are certainly oversold and btc pairing and look primed to run. The percentages in bitcoin aren't there anymore. Money will soon flood into alts before we collapse into a bear market shortly.
The time to decouple from btc is among us
Targets for BTC D: 20-25%
Happy trading yall, please give me a follow if you agree with my ideas
if alt season begin,,,in ur oinion where will be the btc? can it be around 50 and 60 or it will make new ath while altseason takeplace??
Smoke_Weed_Everyday
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@manooooo11, bitcoin will retrace to the .702 fibonacci retracement around 57-58k and i believe we will crash from that price. Bitcoin has topped and is technically considered in a bear market. Alt season is just around the corner and i believe will be very brief for about one month. Once alts are done running the entire crypto space is going to go into a bear market.