When will the altcoin season come in 2024 ?
BTC Dominance has been rising since the end of 2022. That's about 1.5 year.
We can find a similar pattern from Jan 2018 - Sep 2019 (little over 1.5 year), BTC dominance had dropped from Sep 2019 - May 2021 (about 1.5 year)
Every time the BITCOIN DOMINANCE CHART make peak, this index will decrease, then the proportion of the entire altcoin market will increase.
Let's prepare for this cycle's huge altcoin bullish market 🚀 #BTC.D
BTC Dominance has been rising since the end of 2022. That's about 1.5 year.
We can find a similar pattern from Jan 2018 - Sep 2019 (little over 1.5 year), BTC dominance had dropped from Sep 2019 - May 2021 (about 1.5 year)
Every time the BITCOIN DOMINANCE CHART make peak, this index will decrease, then the proportion of the entire altcoin market will increase.
Let's prepare for this cycle's huge altcoin bullish market 🚀 #BTC.D
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Let's take an overview of #Bitcoin🪙 momentums in the last two weeks:
#BTC has recently moved in a downward channel. After reaching the resistance level of $72,000, it started to decline and reached the support level of $66,000.
The price was traded near this level for a while and then returned to $70,000. Then, it fell to the support line of the channel and broke the $66,000 level.
#BTCUSDT After that, it grew to this level again and moved in those areas for a while. after reaching the resistance of the channel, it continued to decrease, and now the price is moving in the middle of the channel . It is possible for the price to return to channel resistance and then decrease to the area of $61,500.
#BTC has recently moved in a downward channel. After reaching the resistance level of $72,000, it started to decline and reached the support level of $66,000.
The price was traded near this level for a while and then returned to $70,000. Then, it fell to the support line of the channel and broke the $66,000 level.
#BTCUSDT After that, it grew to this level again and moved in those areas for a while. after reaching the resistance of the channel, it continued to decrease, and now the price is moving in the middle of the channel . It is possible for the price to return to channel resistance and then decrease to the area of $61,500.
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