The future of the crossing of signs to the huge alt market
The structure of the market captain and the emergence of the noisy landscape create good conditions for the sales cycle created by the covers. The weakening potential of Bitcoin's dominance further supports these conditions.
Both technical indicators and market psychology research indicate that a new alt soap cycle is the next major major altcoin market manipulation stage.
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Market recovery and the end of the accumulation phase
After months of correction, the global Sisonto market is showing clear signs of recovery. According to Compaq, the total market capitalization reached 4 trillion dollars again. However, the investor's attention is no longer only on Bitcoin (BTC). The light of the scene is slowly coming to Malkikon, digital assets are often considered to be the next leg in the market.
As analyzed by Michael van de Poppen, the ALTCOIN market is experiencing a long bearish period that will keep the old bullies in constant jeopardy with Bitcoin. However, the current technical indicators show the similarity until 2019 and the beginning of 2020, before the market began to have a strong dominance of the right period. In particular, McDo created an embedded separation capability. as if <ኦፕሎማልድ ዞን> Although it is confusing, it shows the ability to sell and see the selling pressure.
Chain data reinforces this view. The forecast on the XX is that the monthly market cap structure is continuing, indicating that the level of interest has not been disrupted. The so-called “drug phase” may complete the path to a broader recovery when fish and institutions leave retail investors.
When another analyst doubts that the market will return, in 2021 the market seems to support a kind of domestic cycle, before most investors tap into it. Such patterns indicate that the break-out of the A.L.O.P.N.V.N.O.N.O.S market may recapture the size of the ship from the guard.
Bitcoin dominates and turns into power
Today, one of the most closely selected symbols is the dominance of Bitcoin (BBD, which measures the entire Spanish market.
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According to Seth, BTC.D is currently at the 59 percent level, a key resistance zone for turning points in previous market cycles. Bitcoin supremacy should be rejected at this level, from Bitcoin to Alcatel, it can drive high turnover.
Further analysis by Dasdefi shows that when the ACTCAIN of the body is below 57%, a confirmation occurs below 57%. These indicators indicate that investors are elastic towards Bitcoin, in Bitcoin, up to Vulcan's pre-based classics > pre-based classics. Both indicators are approaching their critical levels, indicating that market tension will soon be released.
In the year In the breakdowns of 2018 and 2020, the total value of the reserve / table, which represents a strong reserve capital, will be analyzed, which will be evaluated in 2018. In order to maintain this structure, he can gather the market for the expanded printed market in the coming months.
“Now is not the time to come up with tricks. This buyer will wait months for this market. The schedule is always difficult, but I think we will close,” another analyst commented on x.
Meanwhile, the current index of ALTCOIN, which measures the famous performance of Bitcoin, is a segment of the same size in the 2022 chest market. This is currently in a “wait and see” mode. Still, any strong trigger can cause FOM (fear of missing out) similar to previous cycles.
