#MarketRebound Invest $1k in the right alts today, and you could have $100k by 2025. This is not a dream. This bull market might be the last opportunity to earn millions. After spending over 500 hours analyzing more than 1,000 tokens, Here is the next 1,000x gem 🔽🧵 Today's market movements have a déjà vu quality, reminiscent of 2021, just before the last bullish surge began. This altseason could be the most significant chance you'll ever encounter in your life, and this is not a joke. Additionally, Bitcoin dominance (BTC.D) has slipped from 62% down to 55% over a mere two weeks. We all know what this signals. A major altcoin rally is just starting. We haven't even experienced 10% of the growth that alts can give us. The momentum is building, so it's crucial to ready yourself.
$BTC $BTC crashes: $200 → $50 $1,200 → $200 $20,000 → $3,000 $70,000 → $15,000 $120,000 → $???? Did you notice that each time $BTC lost around 80% of its worth after a successful bull run. So after this bull run, BTC might drop to somewhere around $40k. To touch $120k, BTC is first heading towards a support of $85k. Stop buying for now, and fill pockets around $85k.
Sellers keep pushing coins to new local lows, according to CoinStats.
XRP chart by CoinStats
XRP/USD
$XRP could not withstand the fall of most of the coins, going down by almost 2%.
Image by TradingView
Despite today's fall, the rate of #BTC is in the middle of the local channel, between the support of $0.4758 and the resistance of $0.4821.
As most of the ATR has been passed, sideways trading in the area around $0.48 is the more likely scenario until tomorrow.
Image by TradingView
A worse picture can be seen on the daily time frame. Here, traders should pay attention to the bar's closure. If it happens below yesterday's low, the decline may lead to the test of the support of $0.4590 shortly.
Image by TradingView
On the weekly chart, bears are more powerful than bulls, as the rate has again declined below the vital zone of $0.50. If the drop continues to $0.46, the energy should be enough for a support breakout, followed by a downward move to the $0.44 zone.