$BTC.D chart

Now, about altcoins and dominance.

The chart (Bitcoin's dominance over other altcoins) is an insightful metric that answers many questions. Essentially, the higher the value, the more money flows into compared to other crypto assets.

Looking at the chart, you can see that since November 2022, money has been actively flowing into $BTC. The key level was 49%. This level was successfully passed by , indicating that was set for growth.

And that’s exactly what happened. The next target for us became 57-58%, where we anticipated a reversal.

Right now, we’re at this level, but whether there will be a reversal or if will continue to grow – it’s hard to say. We’ll need to closely monitor it over the next few weeks.

The only thing we can say for now is that is confidently showing its dominance.

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Note

is 57.51% and is confidently heading for a correction. It is important to secure a position below the level of 57.21%. I expect correction of to 58-60k there and will buy altcoins

Note

💶 What's next - the Altseason or the strong growth of the ? thought about it.

Even though is currently going down, there is no doubt that will make a new high soon. Perhaps this correction phase will end this month.

Next, November 5, another election in the USA, And... Growth?
I think so, but we will soon see how it will be.

And as for Altcoins, what about them?
Here, everything is not so clear. does not want to go below 57%, which means a higher hike, up to 69%, is possible.
This was the case in 2020 when the last US presidential election was held.
History tends to repeat itself.

We don't know how it will be this time, but we can safely say that if so, the altseason will be postponed until the new year. The time has come for

And what do you think about it?

cryptoAnastasia

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cryptoAnastasia