#BTCReclaims101K
😎😎
Indicators of a bullish season:
1. Overcoming key resistances: The level of 101,000 USD would be a new all-time high, which generally triggers a significant amount of interest from both institutional and retail investors.
2. Increase in transaction volume: A sustained rise in the price of BTC is usually accompanied by higher transaction volumes, which reinforces market confidence.
3. Correlation with the halving: Historically, halvings have been catalysts for bullish markets. The next halving in 2024 could serve as a turning point.
4. Bitcoin Dominance (BTC Dominance): An increase in the price of Bitcoin often boosts its dominance in the market, driving capital into the crypto ecosystem as a whole.
What about altcoins?
• Once BTC reaches new highs and its volatility stabilizes, capital tends to flow into altcoins, triggering what is known as “altcoin season.” During these periods, strong projects tend to multiply their value.