The altcoins market cannot be bearish at the same time that Bitcoin Dominance (BTC.D) is bearish. When Bitcoin Dominance is bearish the altcoins market is bullish. When the altcoins market is bullish Bitcoin is already growing or set to grow.
Here we have the daily chart for Bitcoin Dominance. Here we have a full break of support. The bearish bias only continues to strengthen and is supported by really high volume. As Bitcoin Dominance moves lower, the altcoins move higher.
You can see a huge rounded top pattern as well as a very strong decline started late June. Notice that the strongest decline before this June was November 2024. November 2024 was when the entire altcoins market produced a strong advance. This was the first signal and also the bottom for many altcoins (ALTS vs BTC pairs). Things are changing.
The dynamics we are about to experience between Bitcoin and the altcoins market is something not seen ever before. The market evolved for years, is evolving and continues to evolve and this evolution will be reflected in market price action and the charts. The charts will be different and how the altcoins behave in relation to Bitcoin and each other. The market will continue to become harder to read, predict and understand. It is just natural. We human becomes more mentally complex as we become older, it is the same system.
A bearish bias on this index confirms the continuation of the bullish wave for the altcoins. This is all you need to know. You need to know that Bitcoin and the altcoins market will continue to grow. Not months into the future, not years into the future, short-term. We are going up now.
Thank you for reading.
Namaste.
#FOMCMinutes #BinanceHODLerPLUME #ETHInstitutionalFlows #PowellWatch #MarketPullback
