bullish

Bitcoin

<ul class="wp-block-list cnl-post-highlights-list">
 <li>Bitcoin price holds strong at $102,000 price range.&nbsp;</li>  
 <li>Analyst believes the time has come for BTC Dominance to collapse.&nbsp;</li>  
 <li>This collapse could usher in the peak of the altseason.</li> 
</ul>  
<p>Reputed crypto analysts are putting their eyes to the charts to see what is next for the crypto market and especially for the pioneer crypto asset Bitcoin (BTC). In the last two weeks, Bitcoin went on to set a new ATH at $109,114.88 only to <a href="https://cryptonewsland.com/btc-price-falls-below-100000-what-caused-this-dip-and-why-is-bitcoin-down-today/" target="_blank" rel="noopener noreferrer nofollow">drop back to $98,000</a> before reclaiming its 6-digit prices again.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-btc-dominance-could-take-a-fall">BTC Dominance Could Take a Fall</h2>  
<p>Presently, the <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">price of Bitcoin</a> is at $102,000 which many seasoned analysts believe to be a strong hold as Bitcoin seems to be moving in a slightly upward sideways movement as compared to its previous run. To elaborate, before the latest ATH, BTC price was moving between $90,000 and $101,000.&nbsp;</p>  
<p>Now, this sideways movement has turned to a run between $101,000 to $109,000. The dip to the $98,000 price range however stuck a chord of panic and discord leading to a short phase of FUD. Despite this, seasoned analysts have <a href="https://cryptonewsland.com/robert-kiyosaki-prophesizes-brutal-stock-market-crash-in-february-2025/" target="_blank" rel="noopener noreferrer nofollow">remained heavily bullish on Bitcoin</a> and the greater crypto market.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-altseason-peak-on-the-horizon">Altseason Peak on the Horizon</h2>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/CryptoBullet1/status/1884191026606399719
 </div>
</figure>  
<p>As for what is to come next for Bitcoin (BTC), the analyst in the post above shares a <a href="https://coinmarketcap.com/charts/bitcoin-dominance/" target="_blank" rel="noopener noreferrer nofollow">BTC Dominance</a> update. As we can see from the image shared, the analyst highlights a Dead Cat Bounce pattern. He places the key resistance zone between 0.618-0.786 Fib and says that BTC Dominance is on the second likely final test before it is set to collapse leading to altseason peak.&nbsp;</p> 
<p>The post <a href="https://cryptonewsland.com/analyst-highlights-key-indicator-for-btc-dominance-to-fall-altseason-peak/" rel="noopener noreferrer nofollow">Analyst Highlights Key Indicator for BTC Dominance to Fall, Altseason Peak on the Horizon</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Cryptonewsland</a>.</p>

Analyst Highlights Key Indicator for BTC Dominance to Fall, Altseason Peak on the Horizon

Table of Contents

Crypto News Land

Other articles published on Jan 29, 2025

Here’s Why SMEs Are Actively Adopting Bitcoin

Bitcoin Price Hits $102K as Younger UTXOs Rise, Signaling Increased Market Participation

Couldn’t Catch Fartcoin’s Rally? This Presale Raises Stakes as One of the Best New Meme Coins to ...

Is Lightchain AI the Next Ethereum? Why Analysts Are Bullish on This Coin

Exclusive offer: Buy Infinix Zero Flip now and save N200,000

After Shiba Inu & Doge, Memecoin Fans Back Panshibi Panda

Join our free newsletter for daily crypto updates!