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>
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   <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>
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<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

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