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Bitcoin Price Prediction: BTC Dominance Drops, Altcoin Season Begins
Bitcoin Price Prediction: BTC Dominance Drops, Altcoin Season Begins
Bitcoin is currently trading above the historic and crucial $100k level and is up by more than one percent in the last 24 hours.
According to analyst Josh of Crypto World, Bitcoin is forming a new pattern in the short term that we should keep an eye on. Here’s a breakdown of his analysis:
Bitcoin’s Bullish Market Overview
The analyst said that Bitcoin is clearly still in a bull market. The weekly RSI is signaling a strong bullish trend, which has led to major bull runs in the past.
The MACD is also showing bullish signs, similar to last year when it predicted a major rally that lasted for months. Based on these indicators, it’s likely that the bull market could continue into 2025.
Resistance and Price Targets for Bitcoin
Currently, Bitcoin is facing resistance level at around $102,000, which is the 1618 Fibonacci extension level. If Bitcoin can break above this, we could see a move towards $113,000.
The next key price target is $113,000, but it’s still a while before Bitcoin might reach $300,000, which could take a few more years and possibly the next bull market.
For support, Bitcoin is holding at around $89,000. Short-term, the price is consolidating around $100,000, and we might see sideways movement for a while as the market cools off.
Bitcoin is forming a symmetrical triangle pattern, with support around $99,000 and resistance around $102,000. A breakout above $102,000 could push the price towards $108,000, while a break below support could lead to a move down to around $93,000.
Bitcoin Liquidity Heat Map
The Bitcoin liquidation heat map shows significant liquidity building around $104,000 to $105,000. If Bitcoin breaks above this level, we could see a short squeeze, pushing the price higher. There are also other liquidity levels between $102,000 and $105,000, which could play a role in future price action.
Bitcoin Dominance Drops, Altcoin Season Begins
The Bitcoin dominance chart is showing a decline, currently at around 55%, after breaking a key support level at 57%. This confirms that altcoins are likely to outperform Bitcoin in the near future, hinting at a start of a major altcoin season.
#Bitcoin #AltcoinSeason #altcoinbullrun #cryptomarket #CryptoNews
Bitcoin is currently trading above the historic and crucial $100k level and is up by more than one percent in the last 24 hours.
According to analyst Josh of Crypto World, Bitcoin is forming a new pattern in the short term that we should keep an eye on. Here’s a breakdown of his analysis:
Bitcoin’s Bullish Market Overview
The analyst said that Bitcoin is clearly still in a bull market. The weekly RSI is signaling a strong bullish trend, which has led to major bull runs in the past.
The MACD is also showing bullish signs, similar to last year when it predicted a major rally that lasted for months. Based on these indicators, it’s likely that the bull market could continue into 2025.
Resistance and Price Targets for Bitcoin
Currently, Bitcoin is facing resistance level at around $102,000, which is the 1618 Fibonacci extension level. If Bitcoin can break above this, we could see a move towards $113,000.
The next key price target is $113,000, but it’s still a while before Bitcoin might reach $300,000, which could take a few more years and possibly the next bull market.
For support, Bitcoin is holding at around $89,000. Short-term, the price is consolidating around $100,000, and we might see sideways movement for a while as the market cools off.
Bitcoin is forming a symmetrical triangle pattern, with support around $99,000 and resistance around $102,000. A breakout above $102,000 could push the price towards $108,000, while a break below support could lead to a move down to around $93,000.
Bitcoin Liquidity Heat Map
The Bitcoin liquidation heat map shows significant liquidity building around $104,000 to $105,000. If Bitcoin breaks above this level, we could see a short squeeze, pushing the price higher. There are also other liquidity levels between $102,000 and $105,000, which could play a role in future price action.
Bitcoin Dominance Drops, Altcoin Season Begins
The Bitcoin dominance chart is showing a decline, currently at around 55%, after breaking a key support level at 57%. This confirms that altcoins are likely to outperform Bitcoin in the near future, hinting at a start of a major altcoin season.
#Bitcoin #AltcoinSeason #altcoinbullrun #cryptomarket #CryptoNews
$FIO /USDT ON A BULL RUN – EXPLOSIVE MOVE UNDERWAY! 🔥💯
FIO is surging, up 25.12%, and currently trading at $0.06216, showing strong bullish momentum. With a decisive breakout from consolidation, the token is primed for further upside, driven by increased buying pressure.
💡 TRADE SETUP: GO LONG!
Entry Point: $0.06216
Targets to Watch:
1. $0.06450
2. $0.06680
3. $0.06900
📉 Stop Loss: $0.05900 (tight risk management to guard against pullbacks).
⚠️ Key Insights:
A breakout above $0.06560 (24-hour high) may ignite a stronger rally, attracting additional buyers.
A drop below $0.05900 could lead to retracement towards lower support levels.
Stay disciplined! Keep an eye on market dynamics, and trade cautiously—FIO is on fire!
#CryptoMomentum #AltcoinBullRun #TradeSmart #CryptoMarketHype #Share1BNBDaily
FIO is surging, up 25.12%, and currently trading at $0.06216, showing strong bullish momentum. With a decisive breakout from consolidation, the token is primed for further upside, driven by increased buying pressure.
💡 TRADE SETUP: GO LONG!
Entry Point: $0.06216
Targets to Watch:
1. $0.06450
2. $0.06680
3. $0.06900
📉 Stop Loss: $0.05900 (tight risk management to guard against pullbacks).
⚠️ Key Insights:
A breakout above $0.06560 (24-hour high) may ignite a stronger rally, attracting additional buyers.
A drop below $0.05900 could lead to retracement towards lower support levels.
Stay disciplined! Keep an eye on market dynamics, and trade cautiously—FIO is on fire!
#CryptoMomentum #AltcoinBullRun #TradeSmart #CryptoMarketHype #Share1BNBDaily
$PROM /USDT Bull Run in Full Swing – Take Action Now!
Current Price: $5.916 (+5.59%)
Analysis:
$PROM /USDT has broken out decisively, signaling a bullish trend on the 15-minute chart. This rally is supported by strong buying pressure and increased volume, confirming market confidence.
Targets:
Short-Term Target: $6.20
Mid-Term Target: $6.50
Stop Loss: $5.75 – Protect downside risks while capturing upside momentum.
Trading Strategy:
Consider entering near the current price. Lock in partial profits as the price nears the targets and trail stop-losses to safeguard gains. This setup shows robust upside potential, but ensure disciplined risk management and adapt to market conditions.
Stay informed, stay cautious!
#GrayscaleSUITrust #ElSalvadorBTCReserve #BTCAnalysis #AltcoinBullRun
Current Price: $5.916 (+5.59%)
Analysis:
$PROM /USDT has broken out decisively, signaling a bullish trend on the 15-minute chart. This rally is supported by strong buying pressure and increased volume, confirming market confidence.
Targets:
Short-Term Target: $6.20
Mid-Term Target: $6.50
Stop Loss: $5.75 – Protect downside risks while capturing upside momentum.
Trading Strategy:
Consider entering near the current price. Lock in partial profits as the price nears the targets and trail stop-losses to safeguard gains. This setup shows robust upside potential, but ensure disciplined risk management and adapt to market conditions.
Stay informed, stay cautious!
#GrayscaleSUITrust #ElSalvadorBTCReserve #BTCAnalysis #AltcoinBullRun
Bitcoin Price Prediction: BTC Dominance Drops, Altcoin Season Begins
Bitcoin is currently trading above the historic and crucial $100k level and is up by more than one percent in the last 24 hours.
According to analyst Josh of Crypto World, Bitcoin is forming a new pattern in the short term that we should keep an eye on. Here’s a breakdown of his analysis:
Bitcoin’s Bullish Market Overview
The analyst said that Bitcoin is clearly still in a bull market. The weekly RSI is signaling a strong bullish trend, which has led to major bull runs in the past.
The MACD is also showing bullish signs, similar to last year when it predicted a major rally that lasted for months. Based on these indicators, it’s likely that the bull market could continue into 2025.
Resistance and Price Targets for Bitcoin
Currently, Bitcoin is facing resistance level at around $102,000, which is the 1618 Fibonacci extension level. If Bitcoin can break above this, we could see a move towards $113,000.
The next key price target is $113,000, but it’s still a while before Bitcoin might reach $300,000, which could take a few more years and possibly the next bull market.
For support, Bitcoin is holding at around $89,000. Short-term, the price is consolidating around $100,000, and we might see sideways movement for a while as the market cools off.
Bitcoin is forming a symmetrical triangle pattern, with support around $99,000 and resistance around $102,000.
A breakout above $102,000 could push the price towards $108,000, while a break below support could lead to a move down to around $93,000.
Bitcoin Liquidity Heat Map
The Bitcoin liquidation heat map shows significant liquidity building around $104,000 to $105,000. If Bitcoin breaks above this level, we could see a short squeeze, pushing the price higher.
There are also other liquidity levels between $102,000 and $105,000, which could play a role in future price action.
#Bitcoin #AltcoinSeason #altcoinbullrun #cryptomarket #CryptoNews
Bitcoin is currently trading above the historic and crucial $100k level and is up by more than one percent in the last 24 hours.
According to analyst Josh of Crypto World, Bitcoin is forming a new pattern in the short term that we should keep an eye on. Here’s a breakdown of his analysis:
Bitcoin’s Bullish Market Overview
The analyst said that Bitcoin is clearly still in a bull market. The weekly RSI is signaling a strong bullish trend, which has led to major bull runs in the past.
The MACD is also showing bullish signs, similar to last year when it predicted a major rally that lasted for months. Based on these indicators, it’s likely that the bull market could continue into 2025.
Resistance and Price Targets for Bitcoin
Currently, Bitcoin is facing resistance level at around $102,000, which is the 1618 Fibonacci extension level. If Bitcoin can break above this, we could see a move towards $113,000.
The next key price target is $113,000, but it’s still a while before Bitcoin might reach $300,000, which could take a few more years and possibly the next bull market.
For support, Bitcoin is holding at around $89,000. Short-term, the price is consolidating around $100,000, and we might see sideways movement for a while as the market cools off.
Bitcoin is forming a symmetrical triangle pattern, with support around $99,000 and resistance around $102,000.
A breakout above $102,000 could push the price towards $108,000, while a break below support could lead to a move down to around $93,000.
Bitcoin Liquidity Heat Map
The Bitcoin liquidation heat map shows significant liquidity building around $104,000 to $105,000. If Bitcoin breaks above this level, we could see a short squeeze, pushing the price higher.
There are also other liquidity levels between $102,000 and $105,000, which could play a role in future price action.
#Bitcoin #AltcoinSeason #altcoinbullrun #cryptomarket #CryptoNews