Altcoin season next week
This is the time!
The BTC.D has been testing the 40% 5 times since the first time when it broke down.
Everything indicates that we are close to the 6th test which may happen next week if the BTC retracement is confirmed.
I believe that, once the BTC.D falls below 35%, we will never see it at 50% again. This market is too big for one asset to have 50% of the total MC.
The most entertaining outcome is the most likely...so an altcoin season, after FTX collapse and BTC dump to 15k, is very entertaining.
Bring it on!!!
The BTC.D has been testing the 40% 5 times since the first time when it broke down.
Everything indicates that we are close to the 6th test which may happen next week if the BTC retracement is confirmed.
I believe that, once the BTC.D falls below 35%, we will never see it at 50% again. This market is too big for one asset to have 50% of the total MC.
The most entertaining outcome is the most likely...so an altcoin season, after FTX collapse and BTC dump to 15k, is very entertaining.
Bring it on!!!
Comment:
Lots of funny faces YouTubers calling for BTC.D to go up in the Bear market because this is what always happens. Be careful!!! The dominance looks bearish. If BTC starts to go up, the alts will explode and leave people holding BTC speechless.
Comment:
Dominance can barely hold 40%...
BTC price will retrace slowly to 48k-54k
Alts will blast off...
Lots of shorts liquidation.
It will be very entertaining.