⚠️⚠️ ALTSEASON IS COMING! ⚠️⚠️
Since the year began, #bitcoin has been rising, garnering interest due to the announcement of the Bitcoin Spot ETF's acceptance. Nevertheless, a clear "head and shoulders" reversal pattern can now be seen on the daily chart of Bitcoin Dominance. What are the ramifications of this?
Given that the #ETF was approved and that Bitcoin has increased by 200% in the last year, it is wise to expect a cooling-off period during which time significant investors will be able to reallocate their capital. There will soon be a shift of capital towards alternative assets, which will increase interest in cryptocurrencies. A decrease is expected as the dominance breaks the neckline, indicating the start of the much awaited altseason.
The best course of action at this moment is to return your attention to cryptocurrencies and carefully analyse your spot holdings, averaging if necessary. Should you possess assets such as SOL that have experienced substantial growth, you may wish to think about realising a profit. Additionally, look into tokens with valuable usage but no noticeable movements as of yet.
