Is Altcoin Season Starting? Analyst Reveals Rare Buy Signal & Bitcoin Dominance Drop
The post Is Altcoin Season Starting? Analyst Reveals Rare Buy Signal & Bitcoin Dominance Drop appeared first on Coinpedia Fintech News
With Bitcoin hitting its lowest price and its dominance in the crypto market falling, analysts are suggesting that the altcoin season is set to start any day now. A recent analysis by a leading crypto experts has identified a key pattern that might signal a big shift in the cryptocurrency landscape. Here’s what you need to know.
Altcoins Poised for a Breakout?In a recent tweet post well-known crypto trader Captain Faibik pointed out the formation of a rising wedge in Bitcoin’s dominance on the weekly timeframe chart. This technical pattern often indicates a potential reversal or breakdown in the market trend.
$BTC (Dominance) Rising Wedge formation on the Weekly TF Chart.
The Real Altcoins Party will start once Dominance Breaks down from the Rising wedge.
So Keep Accumulating the Altcoins for the Midterm/Longterm & just Hold with the Patience.#Crypto #Altcoins #Bitcoin pic.twitter.com/DTc8UBTroo
