Hi Guys!
This time let’s take a look at the dominance of BTC.
This is much saturated. Look at RSI. We know the alt season is coming.
BTC has broken previous resistances and its peaks are higher (price in USD).
This is definitely bullish.
When will alts explode?
This hasn’t happened yet.
We know it will come. Most likely in June. Yes, this June.
Most of the altcoins are much undervalued (ETH, XRP, ONT, ETC, XMR, NEO, XLM).
In fact, 90% of them are really cheap right now.
The current dominance level of BTC is relatively high = 60%.
You see this level most likely for the last time within the next 2 upcoming months.
First, we have to touch 50% and then cross it down.
At the end of the global crypto rally, we can even see the levels such as 30%.
What is more once again our magnificent WBM BUY/SELL Indicator showed a perfect moment to buy BTC. This is on 1M interval.
When we look at the previous height in 2014 it looks so small… like a small puppy. :)
The peak in 2018 is 20 X higher.
This time will be no different.
We aim BTC to be around $400 000 – 20 times higher as it was in 2018.
Thank you for reading.
Have a wonderful weekend.
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Who supports such a prediction? BTC = $400 000 :)
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Massive Hugs.
WBM Team