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Bitcoin Price Dominance and Altcoin Season: Market Impact of Sudden Volatility
According to the analyst's graphic, Bitcoin price dominance was volatile for 136 days. This volatility will continue until April 6 next year if history repeats. Master Kenobi believes the market is at the first and most crucial stage of Bitcoin profit capital rotation.
After this time of capital rotation, Master Kenobi forecasts a major reduction in dominance, which might be the start of altcoin season. Master Kenobi expected most cryptocurrencies to thrive at this time, especially if the bull market continues until April 6.
Master Kenobi indicated that Bitcoin's price dominance bottomed on May 14, 2021, along with the crypto market's first top of the 2021 bull run. The expert predicts a similar trend this time. The expert said the dominant bottom might occur in early March instead than April 6.
Bitcoin Halving in Perspective
Master Kenobi also utilized the Bitcoin halving date to demonstrate that Bitcoin price domination may follow similar timetables. Four days separated the one-year anniversary of Bitcoin halving on May 11 and the first big dominance low on May 15 in the previous cycle.
Accordingly, the expert said the bottom in Bitcoin price domination (which would also indicate the crypto market's high) might occur after April 20 to 23, 2025. Master Kenobi warned that the market peak date is unknown.
He thinks he will be able to predict the conclusion of the first bull market period with increased precision over time.
#BitcoinKeyZone #MarketMajorComeback #AltSeason $BTC $ETH
According to the analyst's graphic, Bitcoin price dominance was volatile for 136 days. This volatility will continue until April 6 next year if history repeats. Master Kenobi believes the market is at the first and most crucial stage of Bitcoin profit capital rotation.
After this time of capital rotation, Master Kenobi forecasts a major reduction in dominance, which might be the start of altcoin season. Master Kenobi expected most cryptocurrencies to thrive at this time, especially if the bull market continues until April 6.
Master Kenobi indicated that Bitcoin's price dominance bottomed on May 14, 2021, along with the crypto market's first top of the 2021 bull run. The expert predicts a similar trend this time. The expert said the dominant bottom might occur in early March instead than April 6.
Bitcoin Halving in Perspective
Master Kenobi also utilized the Bitcoin halving date to demonstrate that Bitcoin price domination may follow similar timetables. Four days separated the one-year anniversary of Bitcoin halving on May 11 and the first big dominance low on May 15 in the previous cycle.
Accordingly, the expert said the bottom in Bitcoin price domination (which would also indicate the crypto market's high) might occur after April 20 to 23, 2025. Master Kenobi warned that the market peak date is unknown.
He thinks he will be able to predict the conclusion of the first bull market period with increased precision over time.
#BitcoinKeyZone #MarketMajorComeback #AltSeason $BTC $ETH
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