๐โจ Bitcoin Dominance Set to Drop? Altcoins Poised for a Breakout ๐๐
1๏ธโฃ Bitcoin Dominance Outlook:
While Bitcoin's dominance has been on the rise, we may be nearing a turning point. If dominance breaks down from this channel, it could signal a big opportunity for altcoins to shine. ๐ This could be the start of a new altcoin rally! Keep your eyes on key levels as this unfolds. ๐
2๏ธโฃ Bitcoin Supply Milestone: ๐ก 94% of the total Bitcoin supply has now been issued. With only a small fraction left to be mined, scarcity will increasingly influence Bitcoinโs value. However, this could also boost confidence in altcoins as traders look for the next big opportunity. ๐
3๏ธโฃ Time for China to Lift Bitcoin Ban? ๐ Rumors are spreading that China might reverse its Bitcoin ban. This would likely have a major impact on the market, driving both BTC and altcoins upward. A bullish outcome here could inject fresh momentum into altcoins. ๐๐ just rumors and anyways Chinese do carry crypto anyways...
4๏ธโฃ Liquidation Warnings: Despite potential short-term volatility from liquidations, a drop in Bitcoin dominance could shift the spotlight to altcoins. If you're positioned in alts, this could be a moment to watch closely! ๐ฅ (think spot going forward?)
5๏ธโฃ FED Speakers and Macro Impact: Goldman Sachs lowering the US recession risk and key FED speakers this week could impact market sentiment. Watch for potential shifts that could favor altcoins over Bitcoin in the short term. ๐ผ๐
๐ Get ready! A potential drop in Bitcoin dominance could be the signal we've been waiting for to see altcoins take off. Stay sharp, and protect your positions!
Relevant News:
๐ Goldman Lowers US Recession Risk: What It Means for Bitcoin
๐ Bitcoin Dominance and Altcoin Season
One Love,
The FXPROFESSOR ๐
1๏ธโฃ Bitcoin Dominance Outlook:
While Bitcoin's dominance has been on the rise, we may be nearing a turning point. If dominance breaks down from this channel, it could signal a big opportunity for altcoins to shine. ๐ This could be the start of a new altcoin rally! Keep your eyes on key levels as this unfolds. ๐
2๏ธโฃ Bitcoin Supply Milestone: ๐ก 94% of the total Bitcoin supply has now been issued. With only a small fraction left to be mined, scarcity will increasingly influence Bitcoinโs value. However, this could also boost confidence in altcoins as traders look for the next big opportunity. ๐
3๏ธโฃ Time for China to Lift Bitcoin Ban? ๐ Rumors are spreading that China might reverse its Bitcoin ban. This would likely have a major impact on the market, driving both BTC and altcoins upward. A bullish outcome here could inject fresh momentum into altcoins. ๐๐ just rumors and anyways Chinese do carry crypto anyways...
4๏ธโฃ Liquidation Warnings: Despite potential short-term volatility from liquidations, a drop in Bitcoin dominance could shift the spotlight to altcoins. If you're positioned in alts, this could be a moment to watch closely! ๐ฅ (think spot going forward?)
5๏ธโฃ FED Speakers and Macro Impact: Goldman Sachs lowering the US recession risk and key FED speakers this week could impact market sentiment. Watch for potential shifts that could favor altcoins over Bitcoin in the short term. ๐ผ๐
๐ Get ready! A potential drop in Bitcoin dominance could be the signal we've been waiting for to see altcoins take off. Stay sharp, and protect your positions!
Relevant News:
๐ Goldman Lowers US Recession Risk: What It Means for Bitcoin
๐ Bitcoin Dominance and Altcoin Season
One Love,
The FXPROFESSOR ๐
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๐ Satoshi AI in 12 Languages:
๐ linktr.ee/crgpt
๐ช CRGPT Token โ Join the Crypto AI Revolution:
๐ cryptogpt.io/
๐ฃ Professor's Public Telegram:
๐ฌ t.me/fxprofessor88
๐ linktr.ee/crgpt
๐ช CRGPT Token โ Join the Crypto AI Revolution:
๐ cryptogpt.io/
๐ฃ Professor's Public Telegram:
๐ฌ 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.