#BTC #altseason đ BTC TO $106K THEN ALTSEASON?
Hold onto your hats, traders. Bitcoin (BTC) is eyeing the $106,000 level, but donât get too comfortableâit might take a sharp turn before igniting the altcoin frenzy. Letâs dive into the possibilities.
đ Bitcoin Pump, Then Retrace?
The charts are looking explosive, with Bitcoin on track for a massive surge. Based on historical patterns and Fibonacci extensions, BTC could pump to as high as $106,000 before facing significant resistance. Expect whales to take profits, causing a rejection back down to the $90,000 range.
What happens next? Classic Bitcoin dominance retracement. As BTC stabilizes, liquidity often flows into major altcoins, setting the stage for a supercharged altseason.
đ Altcoins Poised to Shine
Once Bitcoin cools off, keep an eye on these heavy hitters:
Ethereum (ETH): Likely to test $3,000+ during altseason.
Cardano (ADA): Eyes on the $1.50 mark.
Solana (SOL): Could hit $100 as ecosystem activity picks up.
Polkadot (DOT): Watch for a surge toward $10.
Avalanche (AVAX): Room to climb past $30.
Chainlink (LINK): Strong potential to break $20.
Ripple (XRP): Aiming for $2 if legal tailwinds persist.
đŁïž Why Altseason?
When Bitcoin consolidates after a major rally, traders often rotate profits into altcoins seeking higher ROI. This phenomenon, combined with renewed retail interest, could send the alt market soaring.
đš Final Words of Wisdom
Bitcoinâs rally to $106K might sound like a dream, but markets are unpredictable. Keep a close eye on resistance levels, take profits wisely, and diversify into alts when the time is right. Remember, the name of the game is capital preservation and smart risk management.
Kind regards,
