#AltcoinSeasonLoading
BTC & Alt season update :
Current Price: $103k
Trend: Bullish continuation above the $100K psychological level
This stability indicates strong market confidence and a potential continuation of the bullish trend.
BTC.D has decreased from over 65% earlier in May to 62%, indicating a shift in market dynamics.
The decline in Bitcoin Dominance suggests that capital is flowing more into altcoins compared to Bitcoin. This shift often precedes a period where altcoins may outperform Bitcoin.
š Market Implications
For Bitcoin: The maintenance above $100K is a strong bullish signal. If BTC continues to hold this level, it could attract more institutional and retail investors, further driving the price upward.
For Altcoins: The decrease in BTC.D indicates that altcoins might gain momentum in the short term. Traders should monitor for signs of capital rotation into altcoins.
DYOR THANKS
