Rally

2024

Moon

Coin

<ul class="news-points">
 <li><strong>Bitcoin’s weakening dominance hints at a potential altcoin season.</strong></li>
 <li><strong>Technical analysis suggests Bitcoin could face further price declines.</strong></li>
 <li><strong>Investor confidence in Bitcoin remains despite recent struggles.</strong></li>
</ul>
<p>The crypto market is abuzz with speculation on a potential “altseason” – a period of significant growth for alternative cryptocurrencies – as Bitcoin’s dominance shows signs of weakening. This speculation is fueled by technical analysis from a crypto influencer, The Moon and John Bollinger, creator of the widely used Bollinger Bands indicator.</p>
<p>The crypto influencer highlighted Bitcoin’s potential for an <a href="https://coinedition.com/crypto-analyst-predicts-altseason-as-bitcoin-dominance-wanes-ethereum-surges/" rel="noopener noreferrer nofollow">upcoming altcoin</a> season, noting that Bitcoin’s dominance is showing signs of breaking down from a rising wedge pattern.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Altseason SOON!! Bitcoin Dominance is breaking down from this massive Rising Wedge. <a href="https://t.co/bM4iG5uucc" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/bM4iG5uucc</a></p>— The Moon (@TheMoonCarl) <a href="https://twitter.com/TheMoonCarl/status/1806756358168961081?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 28, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>This observation aligns with insights from renowned technical analyst John Bollinger, creator of the Bollinger Bands indicator. Bollinger’s analysis emphasizes that Bitcoin is currently in a period of consolidation, following a recent 7% drop that saw its price reach a low of $59,478.…</p>
<p>The post <a href="https://coinedition.com/is-altseason-upon-us-bitcoin-dominance-wanes-as-analysts-predict-altcoin-rally/" rel="noopener noreferrer nofollow">Is Altseason Upon Us? Bitcoin Dominance Wanes as Analysts Predict Altcoin Rally</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Is Altseason Upon Us? Bitcoin Dominance Wanes as Analysts Predict Altcoin Rally

Coin Edition

Other articles published on Jun 29, 2024

Kembali Berulah! Whale Pindahkan 1,55 Triliun SHIB, untuk Apa?

Cryptocurrency Prices Face Major Decline

BlockDAG Hits New Highs: Tops CoinSniper with 1300%, Leaving Kaspa and The Graph Behind

BlockDAG Dominates Memecoins Dogwifhat & BONK with 1300% Value Surge & $54.5M Presale

Who will Win ICC World T20 Cricket World Cup? India Or SA

MoonBag Meme Coin $3M Presale Victory Leaves Cosmos And Immutable X Behind

Join our free newsletter for daily crypto updates!