the Bitcoin dominance (BTC.D)Which measures the BTC share of the total market value of encryption, approaching a critical point where the market can prepare for a large rotation in the long -awaited Altcoin season. Modern technical analysis, backed by historical patterns, refers to this The current BTC progress It can fade soon, leading to a potential market explosion.
Bitcoin’s dominance reveals the schedule for the following Altcoin season
According to the scheme analysis subscriber By Crypto Anallest Asthler on X (previously Twitter), fixed A decrease in bitcoin dominance It is expected to lead to the start of the Altcoin season explosion. Technical expectations on the weekly BTC.D chart indicate that Bitcoin’s dominance may complete the three -engine phase before collapse towards the main Fibonacci reformulation areas.
For more clarity, BTC.D is expected to decrease through multiple main levels, starting from a 50 % psychological level, then 48 %, before the possible collapse to the axis area by 40.68 %, and finally to the base point by 36.03 %. Based on astronomy, Altcoin momentum It begins historically to increase the intensity of BTC.D less than a 50 % mark, with accelerating gains and an explosive performance seen between 46 % and 40 %.
This prediction repeats the behavior of October 2023 prices, as merchants questioned the initial gathering, only to see a strong explosion after a short period. A similar shift in this course is expected, especially with the latter Fluctuations in Bitcoin price and An unstable market.
To move forward, the analyst believes that the market is still on the right path The price of bitcoin outbreaksPerhaps in late spring or early summer. This penetration is expected to perform Altcoin pump almost.
Until this happens, Bitcoin is likely to continue to move slowly, and withdraw BTC.D with it until it comes to and falls. In his position, the astronomer announced that the price of BTC is already LowerIn the sense that any delay in the start of the Altcoin season is mostly linked to time and not related to the price.
BTC.D Fake possible to open the path for the alternative season
Bitcoin’s dominance has recently reached a resistance area ranging from 67 % and 70 %. This resistance area can determine the capabilities of the Altcoin season this bull cycle.
The resistance area, which was identified in the analysis of the graph as an open quarterly opening, has historically identified Bitcoin’s dominance before it takes over Altcoins. After entering this area for a period of time, BTC.D has witnessed a sharp reflection and is currently about 64.62 %. Rejection from this level is in line with the theory that the last gathering led by Bitcoin was a Possible “fake eruption” A step that reflects strength before strong rejection.
The astronomer revealed that it is expected that BTC will rise and sweep the “wick”, which happened – thus, also pushed up. However, as soon as BTC.D rises and begins to decline, by following the fake pattern, it can indicate the start of the altcoin season, where Alternative metal currencies begin to outperform Bitcoin.
Distinctive image from Unsplash, Chart from TradingView.com
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