insightful post, but I don't think
1. BTC dominance will ever drop to 20% with large institutions in play
2. it will take two months, because dominance raises slowly but drops fast
BTC
78,704.82
-5.31%
نشر
Bluechip
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Altcoins are now trying to move into a massive growth phase.
Selling dips now is a mistake; you should buy them.
Selling is worth considering only when:
- #Bitcoin Dominance is near 40%
- Altseason Index approaches 100
- More tokens stop pumping and enter the distribution phase
- Phantom wallet app reaches the top 10 in App Store
Also, we must not overlook the scenario if $BTC Dominance drops to 20%. But we'll have to come back to that when we're closer to 40%.
Currently, $BTC Dominance stands at 55%, a strong resistance zone.
Dominance may remain at this level for up to two months. This period could be especially challenging for alts before a true altcoin season begins.
However, given the unique nature of this cycle, dominance might quickly dip to 20% after breaking the 40% level, though it may not stay there long.
If that happens, altcoin prices could BOOOOOM!
So, let's revisit this possibility later.
#Binance
Selling is worth considering only when:
- #Bitcoin Dominance is near 40%
- Altseason Index approaches 100
- More tokens stop pumping and enter the distribution phase
- Phantom wallet app reaches the top 10 in App Store
Also, we must not overlook the scenario if $BTC Dominance drops to 20%. But we'll have to come back to that when we're closer to 40%.
Currently, $BTC Dominance stands at 55%, a strong resistance zone.
Dominance may remain at this level for up to two months. This period could be especially challenging for alts before a true altcoin season begins.
However, given the unique nature of this cycle, dominance might quickly dip to 20% after breaking the 40% level, though it may not stay there long.
If that happens, altcoin prices could BOOOOOM!
So, let's revisit this possibility later.
#Binance
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