Bitcoin Dominance at a “Make-or-Break” Level for Altcoin Market
Main Idea
Bitcoin's dominance is at a critical level that could determine the future performance of altcoins like Ethereum, Solana, XRP, and Chainlink, with potential short-term volatility before a possible altcoin season.
Key Points
1. Altcoin season typically begins after Bitcoin's price movement slows or moves sideways.
2. Ethereum is showing signs of losing steam and is testing key resistance levels near $3.9K.
3. Bitcoin dominance may experience a fake pump before a further dump, potentially leading to an altcoin season.
4. A quick dip into the $112,000 to $114,000 zone for Bitcoin could flush out weak hands and set up for the next upward move.
5. XRP needs to hold the $17.50–$18 level to remain bullish, while Solana and Chainlink are also testing critical support levels.
Description
Bitcoin dominance may break trendline, triggering sharp altcoin price drops. Altcoin season usually begins after Bitcoin slows or moves sideways. Ethereum, Solana, XRP, and Chainlink are testing key resistance levels. The crypto market is entering a critical transition phase. After weeks of consistent gains, especially for altcoins, momentum is beginning to slow and that often means a shakeout or fakeout is near. Historically, Bitcoin pumps first. When it slows or it starts moving sideways, altc...
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