I expect altcoins to start growing in the next few weeks, but this will be a mini altcoin season. For this scenario to occur, BTC's dominance must fall to the 51% - 49% range. You should not be greedy during this period and it would be wise to take the profits given by the market because BTC dominance will return to previous highs as BTC growth continues towards $100,000+. We will most likely see the start of the real altcoin season in October or November 2024.
#Bitcoin knows why They act according to human psychology and eliminate everyone with these trends. He collects people like us when they fall, I became rich in 2021 In 2025 Billionaires will be maniacs like us who look differently than everyone else in their right mind ;)
We had a bear season for two years, and after the 2021 Bull, we had an adjustment period in a year; We got used to the bear, we made money, we said the bull is coming,#Bitcoinis making ATH after ATH, and by the way, we won. We said the bull was coming, but for the last 4 months, there has been decline after decline. They alienated everyone, even I was overwhelmed, despite all the stability and experience.. When you think about it after working so hard, you realize that this system is based on human psychology. Just now, when I saw that it was done to dissuade everyone, they went on until they destroyed all hope. In fact, our faith is increasing, everything starts where everyone is afraid and gives up... For this reason, we are in a period when we need to be motivated, different from everyone else, and more ambitious.
No power can make these altcoins fall anymore, of course, this is just my expectation, they can make them fall if they want. Dominance increased very sharply yesterday, now Bitcoin is falling even though it is at $71 thousand.. While Bitcoin declines, altcoins are not affected, so the rise is coming.. Leave those who make ridiculous decline analysis for months.
Have you noticed what's happening with BTC.D (bitcoin dominance)?
After a good bounce from 53.76%, we encountered our major resistance at 56.09% and Then when we bounced we saw a good correction. Here we are again at that strong support line of 53.76%, We have two scenarios for the future:
1. We break the support line (53.76%), which may cause our BTC dominance to weaken 2. we break that yellow range and start a new leg up to 56.09%
Why should we analyze BTC.D chart? Watching and analyzing this chart will give you a good idea of where to place money, bitcoin or altcoins.
As you can see, BTC.D is making a big difference and Bitcoin's volume is slowly decreasing. This doesn't mean Bitcoin will drop immediately, maybe it's time for BTC to cool down a bit. 47% is a reasonable target, but it could go as low as 43%. The longer it is, the better the Altcoin and its Alt-season decline.
5 to 1 shows the importance of #zksync. Before $ZK TGE, all ZK related projects are shitting their pants. TGE is close! After Tge no one will talk about linea, strk or polyhedra.
🔴 2015 - $XRP You Missed It 🔴 2016 - $ETH You missed it 🔴 2017 - $ADA You missed it 🔴 2018 - $BNB You missed it 🔴 2019 - $LINK You missed it 🔴 2020 - $DOT You missed it 🔴 2021 - $SHIB You missed it 🔴 2022 - $GMX You missed it 🔴 2023 - $BONK You missed it 🟢 ____ in 2024
What is Spot Ethereum ETF? How important is the new Ether ETF? Spot Ethereum ETF Applicants Are Actively Preparing for SEC Approval Spot Ethereum ETF applicants include VanEck, Fidelity, Franklin Total Templeton, ARK Invest, Grayscale and Invesco Galaxy. Such changes submitted to the Cboe exchange include changes made in response to SEC concerns and specifically removing staking on the Ethereum blockchain for possible ETFs. Fidelity, Franklin Templeton, and ARK 21Shares have been specifically removed from Ethereum's custody offerings for shareholders. Fidelity emphasized in its revised filing that neither the Foundation nor related individuals will own payments in cryptocurrency. Grayscale also made the same statement and removed the staking provisions. Industry Experts Praise the Removal of Staking Provisions Such changes are intended to meet SEC requirements. Cinneamhain Ventures member Adam Cochran and Ethereum investor Ryan Berckmans noted that staking stars could help the overall Ethereum ecosystem by increasing Ethereum's staking returns and legitimacy without adding magnified risks with an ETF. Cboe exchange released these revised 19b-4 filings on May 21, after a 25-year hiatus, according to Bloomberg ETF analyst James Seyffart. While the revised filings are a step toward launch, ETFs cannot begin operating until they also clear their respective S-1 registration statements with the SEC. Seyffart also noted that the road to approval is long and revisions to S-1 forms are needed. Although 19b-4 forms could be approved on Thursday to coincide with VanEck and Cboe's deadlines, the SEC's stance on staking relationships has led to changes in coin exchanges for the spot Ethereum ETF. The SEC's decision to allow staking in ETFs with political leanings contrary to public opinion points to a complex center focused on these financial instruments, according to Bloomberg ETF analyst Eric Balchunas.