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CryptosBatman
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Everyone seems to expect the bull market to peak in Q3 or Q4 this year. But what if max pain this cycle is everyone selling at say $140,000, only to see Bitcoin keep pumping, month after month, as nations and huge corporations begin adopting it?
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It's time for a breather after a huge week for the market. In one week altcoins had huge runs. $ETH +43% $DOGE +37% $SOL +23% $ADA +21% $XRP +22% $SUI +17% $BTC just +7% When majors go parabolic and BTC lags, a correction is usually incoming from profit-taking. But don't worry. There's more to come!
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Quick update on where we are with $BTC dominance: Just got a textbook rejection from the upper channel, so yes, alts are moving. But don't get it wrong, the real party starts when dominance breaks below the lower channel. That's not just a normal rally, that's altseason.
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If you're still sleeping on $ETH, take a second look. Sure, it's up 70% in the past month, but that's just retail. The big players, the ETF issuers, they haven't even started buying yet. Now picture what happens when they do.
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A lot of people are probably wondering, where's the next $BTC local top? Honestly, I don't know, but what I do know is that it's not in yet. BTC tends to top when RSI hits the orange line. We're close, but not there. That tells me a new ATH is still be on the table.
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