• Bitcoin Dominance prepares to fall below 59%, following a fake pump. 

  • Analyst is certain that BTC Dominance will fall soon, paving the way for altseason. 

  • Altcoin prices are set to welcome a highly bullish rally.

As the crypto market experiences another short price dip with $107 liquidations caused by a drop in ETH and BTC prices, analysts take a closer look at price charts. Both BTC and ETH price charts continue to be highly bullish, fueling expectations for new ATH prices. Meanwhile, one crypto expert notices that Bitcoin Dominance prepares to fall below 59% following a fake pump.

Bitcoin Dominance Prepares to Fall Below 59%

Ever since the price of Bitcoin (BTC) set a new ATH at the $123,000 price range, the pioneer crypto asset has been expected to hit much higher ATH prices between the $130,000 and $144,000 price range. Presently, analysts have found many bullish indicators on the BTC price chart signaling massive bullish potential not only for BTC, but for ETH and altcoin prices as well. 

Meanwhile, external signs have also been supporting a steady altcoin market pump. For instance, the fact that institutional accumulation is slowly showing more intense ETH accumulation as opposed to BTC accumulation. At the moment, BlackRock’s ETH accumulation is beating its BTC holdings. Another bullish factor is the fact that the Bitcoin Dominance level is on the decline. 

https://twitter.com/TedPillows/status/1950962102790676605

As we can see from the post above, this financial expert says that Bitcoin Dominance was on the decline until it showed a recent green signal. As the image in the post depicts, there is a small green pump indicator. The expert says that this is just a fake pump which is occurring and says that the pump won’t last long. He concludes, stating that BTC Dominance will go below 59% soon, meaning that altcoin prices will rally like never before.   

Altcoins Set for Bullish Rally 

As Bitcoin Dominance prepares to fall, ETH and altcoin prices are preparing to dominate the market. Most traders and analysts are beginning to heavily load up on the most potent altcoins in the market at the moment. These altcoin prices are expected to explode in a bullish upward movement, bringing new ATHs across the board, and analysts believe it is not too late to accumulate.

https://twitter.com/el_crypto_prof/status/1951001560185708943

Another bullish altcoin market observation comes from the analyst in the post above. As the post states, the analyst talks about the ongoing dip and says that it is important to remember on days like this that the bullish journey for Altcoins is still going. He advices not to look at the lower timeframe, but rather, to keep an eye on the big picture. Most altcoins are bullish and will hit new ATH targets soon.