How To Know When Altcoins Will Recover❓
Altcoins are currently experiencing a dip. To understand why, let's look at Bitcoin Dominance (BTC.D).
♂️What is Bitcoin Dominance (BTC.D)❓
BTC.D shows how much of the crypto market is controlled by Bitcoin compared to altcoins. When BTC.D rises, money flows out of altcoins and into Bitcoin.
♂️Why Do Altcoins Dump❓
There are three reasons:
🎈Market confidence in Bitcoin: Bitcoin is seen as safer during uncertain times.
🎈Liquidity shifts: Traders move funds to Bitcoin when they expect its price to grow.
🎈Altcoin fear: Panic selling accelerates the drop when altcoins lose value.
🔘The Connection Between BTC.D and Altcoins
BTC.D and altcoins are like a seesaw. When BTC.D rises, altcoins lose ground. But when BTC.D hits resistance and reverses, altcoins can recover.
My Advice✔️
1. Be patient: Dips and recoveries are normal in crypto cycles.
2. Watch key levels: BTC.D resistance and support.
3. Prepare for opportunities: Focus on strong altcoins with solid fundamentals.
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