#BTC.D This week Bitcoin Dominance Index is producing the highest bearish volume session since February 2021. More than 4.5 years.
This week we have the strongest bearish action since June 2022. We can say that the altcoins market bull market is not only fully confirmed but already underway. We are already experiencing the best altcoin season since 2021 but it is still early, this is only the start.
Bitcoin Dominance is set to produce the strongest drop in many years and this only happens when the altcoins go ultra-bullish.
Bitcoin is moving sideways right now near resistance. As Bitcoin does this, the altcoins continue to move forward. This is classic bull market dynamics. When Bitcoin consolidates at a high price, the altcoins tend to explode. You can expect this pattern to continue to repeat for months to come. There is more good news though.
The fact that the altcoins are growing, perfect examples right now are Ethereum and Litecoin, is a bullish signal for Bitcoin.
#CryptoMarket4T #StrategyBTCPurchase #NFTMarketWatch #StablecoinLaw #BTCvsETH
