I Think March Is Gonna Be a GOOD Month
📆🔥 I Think March Is Gonna Be a Good Month! 🚀💡
Bitcoin Dominance and the Altseason Setup
🚀 BTC Dominance Update: Bitcoin's dominance currently sits at 61.63%, and we're seeing some interesting developments in the market!
🔹 Back in the Channel – BTC dominance has climbed back into the ascending channel, a sign that it could continue its upward momentum. However, a drop to 58% or lower would be great for altcoins.
🔹 Major Rejection at 64.5% – The recent wick to 64.5% was a clear rejection, which could indicate that BTC dominance may struggle to push higher in the short term. Historically, these sharp rejections have led to potential shifts in market dynamics.
🔹 Will BTC Dominance Hit 71-73%? – Some analysts expect BTC dominance to test the 71-73% resistance, a historical inflection point that has previously led to strong altseasons. While such a scenario could put pressure on altcoins, the market has evolved, and alts have a much larger share than before.
📉 If BTC dominance fails to break higher and starts reversing, we could see a significant rotation into altcoins. Keep an eye on this trend as it unfolds!
🔥 March could be a pivotal month, and patience might just pay off! If you’re interested in deeper insights, check out my Bitcoin Broken Cycle / Delayed Cycle video from today.
💬 Drop your thoughts below! Will BTC dominance climb higher, or are we on the verge of an altcoin breakout?
One Love,
The FXPROFESSOR 💙
PS. I came across an interesting chart on Twitter and wanted to share the insights with you. I have no intention of advertising anyone, nor do I use others' charts without credit—I always create my own analysis. After all, all good legends create and post on Tradingview📊🔍
Bitcoin Dominance and the Altseason Setup
🚀 BTC Dominance Update: Bitcoin's dominance currently sits at 61.63%, and we're seeing some interesting developments in the market!
🔹 Back in the Channel – BTC dominance has climbed back into the ascending channel, a sign that it could continue its upward momentum. However, a drop to 58% or lower would be great for altcoins.
🔹 Major Rejection at 64.5% – The recent wick to 64.5% was a clear rejection, which could indicate that BTC dominance may struggle to push higher in the short term. Historically, these sharp rejections have led to potential shifts in market dynamics.
🔹 Will BTC Dominance Hit 71-73%? – Some analysts expect BTC dominance to test the 71-73% resistance, a historical inflection point that has previously led to strong altseasons. While such a scenario could put pressure on altcoins, the market has evolved, and alts have a much larger share than before.
📉 If BTC dominance fails to break higher and starts reversing, we could see a significant rotation into altcoins. Keep an eye on this trend as it unfolds!
🔥 March could be a pivotal month, and patience might just pay off! If you’re interested in deeper insights, check out my Bitcoin Broken Cycle / Delayed Cycle video from today.
💬 Drop your thoughts below! Will BTC dominance climb higher, or are we on the verge of an altcoin breakout?
One Love,
The FXPROFESSOR 💙
PS. I came across an interesting chart on Twitter and wanted to share the insights with you. I have no intention of advertising anyone, nor do I use others' charts without credit—I always create my own analysis. After all, all good legends create and post on Tradingview📊🔍
💎 Altcoin Signals: partner.bitget.com/bg/FX_PROFESSORFind details on fxprofessor.com
🌟 CRGPT Token: Join the Crypto AI Revolution cryptogpt.io/
🌐 Public Telegram: t.me/fxprofessor88
🌟 CRGPT Token: Join the Crypto AI Revolution cryptogpt.io/
🌐 Public Telegram: t.me/fxprofessor88
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💎 Altcoin Signals: partner.bitget.com/bg/FX_PROFESSORFind details on fxprofessor.com
🌟 CRGPT Token: Join the Crypto AI Revolution cryptogpt.io/
🌐 Public Telegram: t.me/fxprofessor88
🌟 CRGPT Token: Join the Crypto AI Revolution cryptogpt.io/
🌐 Public Telegram: t.me/fxprofessor88
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.