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This week, the Bitcoin Dominance Index ($BTC .D) is showing its highest level of bearish volume since February 2021, marking more than four and a half years. We are witnessing the strongest bearish action since June 2022, indicating that the altcoin market bull run is not only confirmed but already in progress. We are currently experiencing the best altcoin season since 2021, although it is still early days—this is just the beginning. Bitcoin Dominance is expected to undergo its steepest decline in many years, a phenomenon typically observed when altcoins enter an ultra-bullish phase. At present, Bitcoin is moving sideways near resistance. While Bitcoin consolidates at a high price, altcoins continue to advance, a classic dynamic of a bull market. Historically, when Bitcoin stabilizes, altcoins tend to surge. This pattern is likely to repeat over the coming months. Moreover, the growth of altcoins, with Ethereum and Litecoin being prime examples right now, serves as a bullish signal for Bitcoin.
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This week, the Bitcoin Dominance Index ($BTC .D) is showing its highest level of bearish volume since February 2021, marking more than four and a half years. We are witnessing the strongest bearish action since June 2022, indicating that the altcoin market bull run is not only confirmed but already in progress. We are currently experiencing the best altcoin season since 2021, although it is still early days—this is just the beginning. Bitcoin Dominance is expected to undergo its steepest decline in many years, a phenomenon typically observed when altcoins enter an ultra-bullish phase. At present, Bitcoin is moving sideways near resistance. While Bitcoin consolidates at a high price, altcoins continue to advance, a classic dynamic of a bull market. Historically, when Bitcoin stabilizes, altcoins tend to surge. This pattern is likely to repeat over the coming months. Moreover, the growth of altcoins, with Ethereum and Litecoin being prime examples right now, serves as a bullish signal for Bitcoin.
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This week, the Bitcoin Dominance Index ($BTC .D) is showing its highest level of bearish volume since February 2021, marking more than four and a half years. We are witnessing the strongest bearish action since June 2022, indicating that the altcoin market bull run is not only confirmed but already in progress. We are currently experiencing the best altcoin season since 2021, although it is still early days—this is just the beginning. Bitcoin Dominance is expected to undergo its steepest decline in many years, a phenomenon typically observed when altcoins enter an ultra-bullish phase. At present, Bitcoin is moving sideways near resistance. While Bitcoin consolidates at a high price, altcoins continue to advance, a classic dynamic of a bull market. Historically, when Bitcoin stabilizes, altcoins tend to surge. This pattern is likely to repeat over the coming months. Moreover, the growth of altcoins, with Ethereum and Litecoin being prime examples right now, serves as a bullish signal for Bitcoin.
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This week, the Bitcoin Dominance Index ($BTC .D) is showing its highest level of bearish volume since February 2021, marking more than four and a half years. We are witnessing the strongest bearish action since June 2022, indicating that the altcoin market bull run is not only confirmed but already in progress. We are currently experiencing the best altcoin season since 2021, although it is still early days—this is just the beginning. Bitcoin Dominance is expected to undergo its steepest decline in many years, a phenomenon typically observed when altcoins enter an ultra-bullish phase. At present, Bitcoin is moving sideways near resistance. While Bitcoin consolidates at a high price, altcoins continue to advance, a classic dynamic of a bull market. Historically, when Bitcoin stabilizes, altcoins tend to surge. This pattern is likely to repeat over the coming months. Moreover, the growth of altcoins, with Ethereum and Litecoin being prime examples right now, serves as a bullish signal for Bitcoin.
--
This week, the Bitcoin Dominance Index ($BTC .D) is showing its highest level of bearish volume since February 2021, marking more than four and a half years. We are witnessing the strongest bearish action since June 2022, indicating that the altcoin market bull run is not only confirmed but already in progress. We are currently experiencing the best altcoin season since 2021, although it is still early days—this is just the beginning. Bitcoin Dominance is expected to undergo its steepest decline in many years, a phenomenon typically observed when altcoins enter an ultra-bullish phase. At present, Bitcoin is moving sideways near resistance. While Bitcoin consolidates at a high price, altcoins continue to advance, a classic dynamic of a bull market. Historically, when Bitcoin stabilizes, altcoins tend to surge. This pattern is likely to repeat over the coming months. Moreover, the growth of altcoins, with Ethereum and Litecoin being prime examples right now, serves as a bullish signal for Bitcoin.
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