#BTCReclaims101K
Indicators of a bull season:
1. Breaking through key resistances: The $101,000 level would be a new all-time high, which usually triggers a lot of interest from both institutional and retail investors.
2. Rising transaction volume: A sustained rise in BTC price is usually accompanied by higher transaction volumes, which reinforces market confidence.
3. Correlation with halvings: Historically, halvings have been catalysts for bull markets. The upcoming halving in 2024 could serve as a turning point.
4. Bitcoin Dominance: A rise in Bitcoin price often increases its market dominance, which drives capital into the broader crypto ecosystem.
What about altcoins?
• Once BTC reaches new highs and its volatility stabilizes, capital tends to flow into altcoins, triggering what is known as “altcoin season”. During these periods, solid projects tend to multiply their value.
