#AltcoinMomentum
whenever BTC consolidates , Alts pumps. The same is happening right now . after $BTC pump from 68k to 99k , Alts have jumped up by 30-35%. While some alts doing easy 2x and 3x.
now BTC is respecting a range of 92-99k. If BTC consolidates between this range with not making a new high , the money will flow into alts and Bitcoin dominance will come down. right now Bitcoin dominance is around 58. Alts season properly will start when btc dominance comes down under 52 . when btc dominance breaks below 47, the alts will explode .
but since Thanksgiving week is going on also the monthly end , we can expect some volatility .
so be careful with your portfolios .