BTC Shakeout. Next Step Is Altseason
It looks like the market is shaking off weak participants who aren’t prepared for the volatility. Many altcoins have partially or completely erased the gains they made over the past few months. There’s not much room left for further declines unless we see new local lows, which doesn’t seem logical at this stage.
As Bitcoin approached the 100K level, sellers quickly stepped in. On the daily chart, a long wick candle formed — a signal that this area could see future price consolidation.
It would make sense for the price to stay in a range, with potential dips to 92K, over the next 1-3 weeks. This would likely scare off any remaining holders who survived the last correction, setting the stage for the next big move.
Timing-wise, everything seems to align perfectly. However, the behavior of #BTC.D (Bitcoin dominance) is a bit concerning. In previous cycles, Bitcoin dominance tended to drop during corrections, but in this cycle, it’s rising. This divergence calls for closer attention.
As Bitcoin approached the 100K level, sellers quickly stepped in. On the daily chart, a long wick candle formed — a signal that this area could see future price consolidation.
It would make sense for the price to stay in a range, with potential dips to 92K, over the next 1-3 weeks. This would likely scare off any remaining holders who survived the last correction, setting the stage for the next big move.
Timing-wise, everything seems to align perfectly. However, the behavior of #BTC.D (Bitcoin dominance) is a bit concerning. In previous cycles, Bitcoin dominance tended to drop during corrections, but in this cycle, it’s rising. This divergence calls for closer attention.
The developer behind the 'BS Line' and 'AIF' indicators.
t.me/buysell_line_indicator
t.me/buysell_line_indicator
The developer behind the 'BS Line' and 'AIF' indicators.
t.me/buysell_line_indicator
t.me/buysell_line_indicator
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