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🔥The Real #Altseason will start when we see $BTC Dominance gets rejected of its top resistance and decline🚀 📍Look at the previous cycle when BTC.D started its way down #Alts just begin it's unstoppable rally, TOTAL3 broke ATH and went into price discovery! Currently TOTAL3 is accurately climbing up together with BTC dominance, but the party will begin when these two break from each other and we see so called negative correlation. 📌Imo it's a bit of room left for BTC.D upside, and I expect it to be fulfilled when BTC breaks through $100k and enters an euphoria phase 📌Regards timing, I do expect the #altseason to begin at the end of Dec 2024 - beginning of Jan 2025 approx.
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#OP/USDT ANALYSIS OP has broken out of the ascending triangle pattern with significant volume. Both the 100MA and 200MA are acting as strong support, indicating bullish momentum. A retest above the pattern is anticipated, and a successful retest could confirm the potential for a strong bullish rally.
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A lot of #Altcoins look like this at the moment (great upside potential): 1. Double/Triple Bottom 2. Clear breakout of the descending trendline 3. Most importantly: Still near their accumulation range lows
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🇨🇳 Shanghai Court Recognizes Bitcoin Ownership as Legal 🇨🇳 In a landmark ruling, a Shanghai court has affirmed that Bitcoin (and other cryptoassets) ownership is legal under Chinese law. This comes at a pivotal moment, as Bitcoin surges to new all-time highs daily, now flirting with $100k, signaling growing global recognition of its importance. While China has maintained a complex relationship with Bitcoin, this ruling could mark a turning point. It highlights a growing acknowledgment of the value and legal standing of digital assets, even in one of the most tightly regulated markets in the world. 🌏 If a major player like China begins to soften its stance on Bitcoin, the ripple effects could be enormous. Change is in the air. The world is watching. 🌐
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#Bitcoin will retrace at some point, but rn it looks like we might see a completion of wave 5 between 105 - 110k.
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