💸 The alt season has begun?
Friends, I think that many people did not expect to see such an outcome in the market, as after the first red candles from bitcoin many people had a little panic. But, what did we end up with?
🔤 At this point, most altcoins started showing pretty strong gains. Falling domination + falling bitcoin = rising altcoin. Even that happens. Not often, of course, but once every 4 years can be anything.
In fact, it reminds all this rebalancing of positions by a large participant. It doesn't mean that bitcoin won't grow at all now, but it's a good signal that we may have taken the first step towards that long awaited alt season.
If dominance continues to decline, the altcoin should not fall even from bitcoin's correction below $90k, where it is already more likely to find a firmer level of support.
❕ With falling domination, if BTC becomes sideways, we could witness a nice explosion in altcoins. This includes a good rise in Ethereum 🔥
