The Bitcoin Dominance (BTC.D)Measuring the BTC part of the total capitalization of the crypto market, is approaching a critical point where the market can prepare for a dramatic rotation at the long-awaited Altcoin period. A recent technical examination, supported by history patterns, indicates that The current lead of BTC It can be easily lost, resulting in a potential explosion in the market.
Bitcoin Dominance announces the timeline for the next Altcoin period
According to a chart review shared by the Crypto analyst astronomer in X (formerly Twitter), a stable denial of the dominance of bitcoin It is expected to be able to start the start of an explosion of the Altcoin period. Technical projections on the BTC.D weekly chart indicate that the dominance of bitcoin can complete a three-drive phase before collapse into the major fibonacci retracement zones.
For greater clarity, BTC.D is expected to decrease by many levels of primary, starting at a 50%psychological level, then 48%, before the potential collapse in the pivot zone at 40.68%, and finally the bottom point at 36.03%. Based on Astronomical Analysis, Momentum of Altcoin History begins to ramp up once BTC.D collapses below a 50% mark, with accelerated acquisition and explosion performance visible between 46% and 40%.
This forecast reflects the price behavior of October-November 2023, where entrepreneurs doubt the initial rally, only to witness a strong explosion shortly. A similar emotion shift is expected to be this cycle, especially in recent Change in bitcoin price And the unstable market.
Moving forward, the analyst believes the market is still on track for a large Bitcoin price breakoutProbably in late spring or early tag -heat. This breakout is expected to tap a Altcoin pump Soon.
Until that happens, Bitcoin is likely to continue to move, dragging BTC.D until it falls and falls. In his post, the astronomers declared that the price of BTC had already had Press a bottomThis means that any delay in the onset of the Altcoin period is almost time relevant and is not relevant to the price.
Possibly fake fake btc.d to open the path during the alt
Bitcoin's dominance has recently hit a resist zone between 67% and 70%. This resistance zone can determine the potential of a Altcoin period of the bull cycle.
The resist zone, identified by chart analysis as a quarterly breaker open, has historically marked the top for Bitcoin's dominance before the altcoins. After a brief entry into this zone, BTC.D experienced a sharp return and currently sits around 64.62%. Decline from this level is in line with the theory that the recent rally led by Bitcoin is a potential “fake breakout” – a step that reflects strength before a strong decline.
The astronomer announced that he hoped the BTC would rise and sweep the “wick,” which happened – and in doing so, it also pushed the higher BTC.D. However, once the spikes of BTC.D and begin to go down, following the pattern of fakes, it can be a signal at the onset of the Altcoin period, where Alternative coins begin to outperform bitcoin.
Featured image from UNSPLASH, chart from tradingview.com
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