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BTC Rally Dynamics ๐ End of 2020: $BTC broke past 2017 ATH, rising for a second consecutive week. Most alts took a temporary hit while BTC captured the spotlight, with capital flowing heavily into BTC, boosting its dominance. Historical Example: $SOL Rally ๐ December 2020: $SOL hit a low of $1.20 while BTC soared. By March/April 2021, it rallied from $1.20 to over $60โa 50x jump in four months. Pattern of BTC Dominance ๐ Each new BTC ATH is typically followed by a BTC dominance peak (capital flowing in). History shows BTC dominance tends to top out after 2-3 weeks of new ATHs, then begins declining as capital flows into alts. Where We Are Now Weโre currently in week two of BTC reaching new highs. Alts are cooling off, just like 2020, setting up for a potential explosive rotation as BTC dominance stabilizes. What This Means for You Patience is key: This cooling phase could present ideal entry points. Donโt chase BTC gains if youโre in alts; the rotation is likely on its way. Look for opportunities in high-quality alts with solid fundamentalsโhistory shows they could take off quickly once BTC calms down. ๐ Stay ready; itโs often darkest before the dawn of altseason!
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Bitcoin Market Sentiment Update โ ๏ธ As of November 14, 2024, hereโs whatโs happening with Bitcoin and the crypto market: 1. Polymarket Prediction: Thereโs a 99% chance that Bitcoin will stay below $76,000 by November 15, 2024. This prediction, based on over $1.1 million in trading volume, suggests traders are expecting BTC to cool down a bit after recently hitting around $93,265. 2. Altcoin Season Index: The Altseason Index is at 31 right now, which means weโre in Bitcoin seasonโBTC is leading, while altcoins take a back seat. If the score drops below 25, Bitcoinโs dominance could grow even stronger. If it climbs to 75 or higher, itโll be altcoin season, shifting attention toward alternative coins. 3. Fear & Greed Index: The market sentiment is at Extreme Greed with a score of 88, up from 77 last week and 65 last month. This shows growing excitement and confidence in the market. In short, Bitcoin may be taking a breather, but optimism is high, and traders are closely watching for whatโs next. Keep an eye outโthings could get interesting! Important Reminder: This is not financial advice. Always do your own research and rely on your analysis before making any decisions. #DYOR #StayInformed $BTC $ETH $BNB
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$KAIA is ready to Take off โ๏ธโ๏ธ๐๐๐๐$BTC
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Crypto bull runs work like this. PART 1: Bitcoin pumps so hard you mistake it for a shitcoin. PART 2: ETH starts pumping alongside it and reaches ATHs faster than you imagine. PART 3: Capital rotates into high-cap cryptos (top 20ish), and they start pumping hard! This is when retail truly comes back. They are hardly back now. PART 4: Now, this is where the fun starts. This is when capital rotates into low-cap shitcoins and they start printing ridiculous returns. That is the anatomy of a bull run. We are barely at the start of PART 2. This gets so much crazier. $BTC $ETH $SOL
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$BTC needs to cool down now ๐คญ๐๐๐ enough is enough ๐๐๐
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