Despite the new ATH of BTC ($106,648), a whole range of altcoins on the new weekly candle showed potential highs.
Our monitoring system #P73Signals sent 37 (!) signals of potential highs on the weekly timeframe last night, some of which are Strong signals.
Moreover, among them are giants like #XRP (Strong signal, first marker out of three possible), #ADA (Strong signal, first marker out of three possible), #LINK (Strong signal, first marker out of three possible), #SUI (Strong signal, already the second marker out of three possible). And #ETH has already shown the second signal of potential highs on the weekly timeframe out of three possible (without a Strong signal, which lays a greater probability on the continuation of growth). One can look at how such signals have played out in history.
The situation does not quite align with the crucial signal from #BTC dominance on December 9, which we assess as a bulletproof argument for the start of a global altseason.
But there are several scenarios in which this contradiction is resolved:
1. For many assets, there is only the first marker out of three possible ones, which means that the assets still have three weeks of growth ahead (considering the current one).
2. Even if most of the TOP altcoins go into a range or correction now, for further signal execution on #BTC dominance, it will be enough for just one altcoin - ETH - to show active growth, considering its market capitalization. Let us remind you that according to our assessment, #ETH should show significant growth in the coming weeks. And the true start of a global altseason is always initiated by it.