Bitcoin dominance continues to rise after breaking out of a rising wedge pattern on the weekly chart. It has now also broken through the 0.786 Fibonacci level.
Next stop is Rectangle 1, where Bitcoin dominance is expected to reach 68% — and most likely, this will mark the top of dominance before it starts to drop, triggering a historic altcoin season.
Scenario 2:
Dominance keeps pushing higher toward Rectangle 2, potentially surpassing 70%. At that point, many altcoins may form new lows, and weak projects could get wiped out.
Fear in the market will hit extreme levels —
but that could signal the beginning of an altseason and the collapse of BTC dominance.
Best regards Ceciliones 🎯
Next stop is Rectangle 1, where Bitcoin dominance is expected to reach 68% — and most likely, this will mark the top of dominance before it starts to drop, triggering a historic altcoin season.
Scenario 2:
Dominance keeps pushing higher toward Rectangle 2, potentially surpassing 70%. At that point, many altcoins may form new lows, and weak projects could get wiped out.
Fear in the market will hit extreme levels —
but that could signal the beginning of an altseason and the collapse of BTC dominance.
Best regards Ceciliones 🎯
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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.
🔻 free crypto signals🔻
t.me/itradeoncrypto
🎯 paid signals!🎯
t.me/Cecilion1
t.me/itradeoncrypto
🎯 paid signals!🎯
t.me/Cecilion1
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.