Bitcoin and Ocean of Alternative Tokens: BTC Advantages Show When to Wait for Market Explosion
this Bitcoin Advantage (BTC.D)Measurement of BTC’s share in total crypto market capitalization is approaching a key point, and the market may be preparing for a long-standing substitute season. Recent technical analysis supported by historical patterns shows that BTC’s current clues It may disappear soon, leading to a potential market explosion.
Bitcoin Advantages Reveal the Schedule of Next Altcoin Season
Analysis based on chart shared By Crypto analyst astronomer (formerly Twitter), stable Bitcoin’s advantage declines The start of the Altcoin season explosion is expected to be triggered. Technical forecasts on BTC.D’s weekly chart show that Bitcoin’s advantage can complete the three-drive phase before it can crash towards the Fibonacci backtracking area of the key.
To be clearer, BTC.D is expected to drop through multiple key levels, starting at 50% psychological level (and then 48%), then possibly breaking down into the pivot zone at 40.68%, and finally reaching its lowest point at 36.03%. Analysis based on astronomers Altcoin momentum Historically, once BTC.D fell to 50% results, it started to increase, with accelerated growth and explosiveness between 46% and 40%.
This forecast echoes the price action from October to November 2023, with traders suspected that the initial rally only witnessing a strong explosion soon after. A similar emotional shift is expected to occur this cycle, especially recently Bitcoin price fluctuations and Unstable market.
Moving forward, analysts believe the market is still there Bitcoin price breakspossibly in late spring or early summer. I hope this breakthrough will trigger Shancoin Pump soon.
Before this happens, Bitcoin may continue to rise slowly, dragging BTC.D to the top and falling. In his post, astronomers announced that BTC prices have Click on the bottomwhich means that any delays to the start of the Altcoin season are primarily time-related and price-related.
BTC.D Possible Fakes Can Open the Road to the ALT Season
Bitcoin advantage has recently reached a resistance zone of 67% to 70%. This resistor zone can determine the potential of the copycat season in this Bulls cycle.
The resistance area identified as quarterly circuit breakers in the chart analysis has historically marked the top of Bitcoin’s advantage. After briefly entering the area, BTC.D underwent a sharp reversal, with its current position of about 64.62%. This level of rejection is a theory that a recent Bitcoin-led rally is Potential “false breakthrough” – Action to reflect strength before strong rejection.
Astronomers revealed that he expects BTC to rise and sweep away the “wicks” that occur, and doing so also makes BTC.D higher. But once the BTC.D spikes and starts to fall, following the fake pattern, it may mark the beginning of the Altcoin season, Alternative coins start to outperform Bitcoin.
Featured images from Unsplash, charts from TradingView.com
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