Market update on #Bitcoin and #Altcoins :
Over the past five days, $BTC has been moving between $62,300 and $64,800, locked in a tight sideways pattern. The market has yet to break free from this range, leading to a noticeable fund shift. Much of this capital has flowed into altcoins, which is reflected by a notable dip in Bitcoinâs dominance. Some traders are calling this the "end" of the correction, signaling the beginning of an altcoin season. But itâs wise to remain cautious.
If you examine the dominance chart closely, youâll see that every significant rise is followed by a healthy pullback. Given how sharp the recent rise in Bitcoin dominance has been, this current correction is a natural and necessary part of the cycle. True confirmation of alt season's onset will likely come when dominance falls below 53%. Until then, weâre just seeing short-term moves.
I anticipate weâll witness another spike in Bitcoin dominance, pushing it towards the 58-60% range, before its final decline. This could then set the stage for altcoins to take center stage.
For now, itâs important to stay patient and wait for key levels to break. Only when Bitcoin dominance decisively drops below 53% can we expect sustained altcoin rallies. Everything else is just temporary noise.
#AltcoinInvesting #BTCReboundsAfterFOMC #FTXSolanaRedemption
