CandleFocus Bitcoin Set for a Major Drop! Top Analyst Predicts The Beginning of Altcoin Season
2024-09-30
Author: Content Editor
Crypto Rover, a well-known analyst, predicts that Bitcoin's drop could trigger the next big altcoin season. Historically, Bitcoin's dominance tends to weaken after halvings, leading to money flowing into altcoins. Currently, Bitcoin's dominance has fallen to 57.39%, signaling a potential altcoin season. The 200-day exponential moving average (EMA) suggests that altcoins might be gearing up for a strong rally. Altcoins have the potential to outperform Bitcoin over the next 90 days, which could attract investors looking for big gains. Crypto Rover's analysis suggests that the altcoin market could present opportunities as Bitcoin struggles.
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