Shift

2024

Bitcoin

April

<p>The post <a href="https://coinpedia.org/news/invalidation-level-on-btc-dominance-hints-the-start-of-altcoin-season-says-top-crypto-analyst/">Invalidation Level on $BTC.Dominance Hints The Start of Altcoin Season, Says Top Crypto Analyst&nbsp;</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Renowned crypto analyst Tony “The Bull” Severino has sparked conversation in the crypto community by sharing his thoughts on Bitcoin dominance. Despite <a href="https://coinpedia.org/news/btc-dominance-signal-shifting-investors-interest-from-altcoin-to-bitcoin-here-is-why/">Bitcoin’s dominance hitting new highs</a>, Severino suggests the beginning of an Altcoin season, presenting alternative opportunities in the market.</p> 
<h2 class="wp-block-heading" id="h-shift-in-market-dynamics">Shift in Market Dynamics</h2> 
<p>Severino’s analysis delves into the surge in Bitcoin dominance, hinting at a possible wave 4 invalidation. This observation opens doors for investors to explore diverse market avenues. However, Severino maintains an optimistic outlook, emphasizing the significance of key thresholds in interpreting market sentiment.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> dominance made a new high, but did NOT invalidate my wave count<br><br>In fact, the move might have provided much needed clarity <br><br>So long as we don’t see above 57.30% dominance in <a href="https://twitter.com/search?q=%24BTC.D&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC.D</a> I believe this is our outcome <a href="https://t.co/WphUDJUCZh">https://t.co/WphUDJUCZh</a> <a href="https://t.co/vV6qCx2Poy">pic.twitter.com/vV6qCx2Poy</a></p>— Tony "The Bull" Severino, CMT (@tonythebullBTC) <a href="https://twitter.com/tonythebullBTC/status/1779131974407291184?ref_src=twsrc%5Etfw">April 13, 2024</a>
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<p>Highlighting the critical threshold of 57.30%, Severino underlines its importance in assessing potential market shifts. As long as <a href="https://coinpedia.org/news/is-this-the-right-time-to-buy-bitcoin-here-are-the-entry-levels/">Bitcoin </a>dominance remains below this level, the projected outcome remains unchanged, according to Severino.</p> 
<p>Severino’s analysis combines sentiment analysis and Elliott Wave patterns, widely respected techniques in technical analysis. By employing these methods, Severino gauges market sentiment and identifies potential price movements in cryptocurrencies</p> 
<h2 class="wp-block-heading" id="h-altcoin-overtaking-btc-dominance-nbsp">Altcoin Overtaking BTC.Dominance&nbsp;</h2> 
<p>Further in a tweet, Severino mentioned that Bitcoin dominance is getting close to a level he calls the “invalidation level.” Looking at the chart he shared, a recent uptick in Bitcoin dominance, reaching 55.60%, indicating Bitcoin’s strengthening position in the market.</p> 
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   <p lang="en" dir="ltr">Invalidation level on <a href="https://twitter.com/search?q=%24BTC.D&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC.D</a><br><br>Getting close <br><br>But this also could have been the most financially opportune time to buy altcoins this cycle <br><br>Sentiment + Elliott Wave <a href="https://t.co/e9Tk09JQph">https://t.co/e9Tk09JQph</a> <a href="https://t.co/YlZn3NkTV0">pic.twitter.com/YlZn3NkTV0</a></p>— Tony "The Bull" Severino, CMT (@tonythebullBTC) <a href="https://twitter.com/tonythebullBTC/status/1779659574238159041?ref_src=twsrc%5Etfw">April 14, 2024</a>
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<p>Severino also suggests that if Bitcoin’s dominance drops below a certain point, around 36.60%, it could mean that <a href="https://coinpedia.org/price-analysis/top-altcoins-to-watch-as-bitcoin-dominance-signals-inevitable-reversal/">altcoins are taking</a> over the market. This would bring new opportunities and challenges for investors to consider.</p>

Invalidation Level on $BTC.Dominance Hints The Start of Altcoin Season, Says Top Crypto Analyst

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