Bitcoin price and altcoins future: dreams or nearest true

20 มิ.ย. 2023

Two months ago, we published the BTCUSDT idea with two possible price movement fractals

As you can see, the green fractal is working quite well

Today's fractal, which we took from the history of BTC trading in 2016, also fits quite well with the current behavior of market participants.

The two fractals have an interesting coincidence: they do not predict a sharp rise in the BTC price. They show that in the past, in similar situations, there was a long consolidation in a narrow trading range with a smooth "creeping" growth.
If we believe the fractals superimposed on the current trading situation, then the BTCUSDT price of will be able to update the maximum of 2023, above $31,000, only by the end of this year.

What will happen to altcoins during this time?
In order for altcoins to start growing, the dominance of BTC needs to start falling.
At the moment, BTC.D has updated the highs of 2021-2023 and the growth potential of at least to 51-53% is now visible.

Assuming that the BTCUSDT price will be trading in the range of $25,000-30000 by the end of the year, and that BTC.D will simultaneously falling to at least 44%, this will be "a ray of hope" for the growth of altcoin prices.

The logic is as follows: while the BTCUSD price is trading in a narrow range for a long time, the "big money" may get bored and start to gradually transfer capital from Bitcoin to altcoins. Or pumps alts in BTC pairs is the technical aspects of the "magicians"
In turn, this process may trigger the following:

• a drop in the dominance of BTC.D, the main thing is not to increase the dominance of USDT)
  
• pumping of certain "categories" of altcoins. By the way, we are still thinking about what "caste" of altcoins will be called the next "future of the crypto market", as it was with ICOs, DeFi, NFTs, or AI with Web3.
  
• the inflow of "new and fresh" money to the crypto market, because here everything is growing so fast that you can get fabulously rich in a matter of days)
  
• which can scale the pace and number of altcoin pumps.
  

What are your thoughts on the above? Is it real? What type of altcoins will start the next alt-season? Share your thoughts in the comments.
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20 มิ.ย. 2023

บันทึก

Buyers began to hunt for the stops orders of the shorts.
They broke up through the trend line and went up through a strong liquidity zone, but there was no surge in trade volume.
So they will go even higher:
+ $28700
+ $30200

21 มิ.ย. 2023

บันทึก

Very quickly reached the first goal of $28700, with 51% bitcoin dominance
There is no further surge in trading volumes, and it is likely that growth will continue to $30,000+ to break the next portion of shorts' stops. At the same time, BTC's dominance may reach 53%, as we wrote about yesterday.

A relatively small number of altcoins "came to life" yesterday and showed growth. For altcoins to grow, the BTCUSDT price needs to be stuck in consolidation or grow smoothly and slowly, while the BTC.D indicator must start to fall. So far, this is not the case, but we hope for the best)

21 มิ.ย. 2023

บันทึก

Goals are achieved faster than we have time to write ideas)
BTC price $30300+
BTC.D - 51.65%
A BTCUSDT price correction may now begin, and we will need to closely monitor how BTC.D changes and how altcoins react.
Only then can you make further trading decisions.