
last Monday at 5:30 PM
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126 views
02/20/2024
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432 views
In this video, I discuss the current state of altcoins and their potential to break all-time highs, especially in relation to Bitcoin's performance and the anticipation of altcoin season. Drawing on historical data and chart analysis of Bitcoin, ADA (Cardano), and Ethereum, I aim to pinpoint when altcoin season might occur, highlighting that while we've seen gains in altcoins, we're not yet in the thick of altcoin season. I delve into the concept of "bull market doors" and Bitcoin dominance as indicators for altcoin season, showing past instances where breaking these doors led to significant rallies in altcoin markets. I also explore the impact of potential factors like the Bitcoin spot ETF and supply shocks. Despite the current excitement, I caution that we're still awaiting a decisive move above critical levels on the Bitcoin chart, which could signal the true start of altcoin season. I encourage viewers to subscribe and engage with the content, emphasizing the speculative nature of cryptocurrency markets and the importance of staying informed on market dynamics.
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