Bitcoin dominance is looking ready for another leg down.
This means ETH/BTC could show upward momentum in the coming weeks.
This will probably be a short-term outperformance and not a full-blown Altseason.
$BTC tapped the $89,000 level again and is now bouncing back.
The crucial level to reclaim is $94,000 and if that happens, Bitcoin could rally towards $98,000-$100,000.
While everyone was panicking over Bitcoin’s -15% drop since the start of November, only a few noticed that ALT/BTC pairs were up by +17%.
Most people miss signals like this when sentiment is at its worst.
But these are the early signs that often show up right before a true alt season rally.
Remember >> the true peak of alt season usually lasts only 50–80 days.
Once BTC reclaims and holds $100K, it could trigger the next big money rotation into alts.
Alt season hope isn’t gone, it might just be warming up.
$BTC touched the $93,000 zone before a bounce back.
The next key level for Bitcoin to reclaim is $98,000 as it'll increase the chances of a local bottom.
I personally think BTC could go a bit lower and fill the $92,000 CME gap.
$BTC continues to move lower and is now getting very close to the $92,000 level.
There’s still an open CME gap at that level from last April. Could be an interesting reversal area.
The faster $BTC gets to $46,000, the better
You don’t want a slow bleed down
Sharp, fast, max pain, strong bounce
Bookmark it and thank me later
- Wynn