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Altcoins Again Drop ?? | What Will Happen Next 🧐
Bitcoin's dominance is stuck between 55% and 54%. It Bounced again from our mentioned zone of 54% heading towards a strong supply zone. As a result, altcoins are either dropping or moving slowly.
It could retreat to 54% and possibly 53% gradually. During this time, there might be some activity in altcoins. However, if Bitcoin strengthens its position, altcoins could suffer further.
In Weekly timeframe BTC.D forming a Rising wedge pattern which is one of the bearish pattern. so expecting in coming days/weeks will see a Altcoins rally with BTC Dominance dump.
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We'll keep you updated in any scenario. Stay patient and seize the opportunity to profit with us.
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BTC.D Update 📉
Bitcoin dominance aligns with our expectations, experiencing a slight bounce from approximately 54% to the 55% zone. However, it's now retracing again from this area, behaving as a formidable supply zone.
If this momentum persists, we could witness BTC.D decline to 53% or lower in the forthcoming days/weeks, promising favorable movement for altcoins. Yet, while it lingers near the supply zone, expect subdued altcoin activity until a notable retracement occurs.
Stay tuned for updates and forthcoming setups. Exercise patience and seize the opportune moment to capitalize potential.
