Bitcoin’s Dominance Could Kill Altseason Dreams, Analyst Warns
According to an analyst on X, Bitcoin’s grip on the market looks too strong for altcoins to break free any time soon. Bitcoin’s price ticked up to around $104,000 after climbing 0.4%. It had dipped briefly to $103,000 but buyers stepped in fast. Related Reading: Crypto Gets A Green Light From Spanish Banking Giant That push drove it back toward the $105K mark. At the same time, the US Federal Reserve held interest rates steady, keeping traders on alert for any ripple effects. Bull Market Support Band Explained Based on reports, the Bull Market Support Band sits between two key moving....
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After recent robust bullish performances by several altcoins, multiple analysts have tipped the altseason to have begun, building momentum for a major price explosion in the coming weeks. Interestingly, popular analyst EGRAG Crypto has weighed in on the discourse around a highly-anticipated altseason, predicting a potential market inflow of $627 billion. Related Reading: Altcoins See Massive Inflows Amid Bitcoin’s Record Rally, But 2021 Bubble Warnings Persist Bitcoin Dominance To Crash By 33% As Altcoins Fly – Analyst In an X post on Friday, EGRAG Crypto provided valuable insight on....
Prominent market analyst Egrag Crypto is predicting an altseason of substantial magnitude following recent developments on the Bitcoin Dominance (BTC.D) chart. This latest technical commentary adds to the continuous list of speculations on the time and fashion of a rather peculiar and highly anticipated altseason. Related Reading: Crypto Founder Predicts Ethereum Price To Touch $20,000 As Fed’s Powell Turns Dovish Here Comes The Mother Of All Altseasons – Analyst The nature of any potential altseason in the present market cycle has been a consistent debate over the past few months.....
CEO and Co-founder of crypto education media firm Coinbureau, Nic Puckrin has shared a “realistic” take on the altseason. The former TradFi entrepreneur and prominent digital asset advocate has highlighted three necessary conditions to usher in an altseason. Related Reading: Bitcoin Escapes Tight Range After Week Of Compression – Next Stop $100K? Altseason Still On […]
Bitcoin has maintained its dominance on the altcoin market even amidst the ongoing price corrections. The leading cryptocurrency has been in the spotlight throughout this market cycle, but a technical outlook suggests that it needs to give way. Particularly, a crypto analyst known as Seth on social media platform X pointed to Bitcoin’s dominance relative strength index (RSI) as a crucial factor that must change before Bitcoin and the broader market can kick off another leg upward. Bitcoin Dominance RSI Hits New Level Seth’s latest analysis, shared on social media platform X, highlights a....
It happens every cycle. During a bull run, Bitcoin reaches some kind of temporal stability and traders get bored. And if a sharp drop in prices mixes with that, traders run out of the building through the window. It’s human nature. It’s Altseason. The grass is always greener on the other side. Related Reading | […]