The situation in the market is starting to resemble past cycles: BTC.D is once again bouncing off the 50-day moving average (50 SMA).
Historically, such moments have often coincided with phases when strength in the market begins to gradually redistribute among assets. The weakening dominance of Bitcoin has often opened up space for altcoin movements.
Right now, the key question is simple:
can BTC.D stabilize and return above 50 SMA, or will it continue to consolidate below?
If the pressure persists, the market may enter a phase of active capital rotation.
And such periods have often become a prologue to altseason. ๐
BTC
69,397.66
-1.89%