๐ *Bitcoin Dominance Double Top? Altseason Signal?* ๐จ๐
Bitcoin dominance (BTC.D) is flashing a *potential double top* โ a classic bearish reversal pattern on charts. Hereโs what it means and why *altcoins could soon fly*:
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๐ Whatโs a Double Top?
A double top forms when price/dominance hits the same high twice, fails to break through, and then reverses. It signals that *momentum is weakening* and a shift in trend may follow.
In this case, if BTC dominance breaks below the neckline (the mid-point between the two peaks), it could confirm the pattern and head lower.
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๐คฏ Why This Matters for Altcoins:
- *Falling BTC dominance* = BTC loses market share
- That capital usually *flows into altcoins*
- Traders rotate from โsafeโ BTC to high-risk/high-reward alts ๐ฅ
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๐ฎ Possible Outcome:
- *BTC.D confirms double top โ dominance drops*
- *ETH, SOL, ADA, and low caps rally hard*
- Could mark the *start of mini-altseason or full relief rally*
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๐ But Be Cautious:
This pattern isnโt confirmed until BTC.D *breaks the neckline with volume*. A fakeout could trap alt traders. Wait for confirmation ๐ง
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๐ Monitor BTC.D, alt/BTC charts, and ETH performance closely.
If it plays out, expect:
๐ Strong alt rallies
๐ Increased risk appetite
๐งจ Rotation into undervalued coins
#Altseason #bitcoindominance #CryptoCharts #DoubleTop
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