Good evening to all my friends. I hope you all ate doing well. I am having a fantastic day. Let's talk about crypto market. Bitcoin is nearing $100000, and many are eagerly waiting for mid-cap and low-cap altcoins to surge. However, the focus recently has been on large-cap altcoins within the top 20-25. Over the past 24 hours, these coins have shown impressive rallies of 20%-50%. Bitcoin dominance, the RSI (Relative Strength Index) indicates a key trend. Historically, when Bitcoin dominance loses momentum and breaks long-term support levels, it paves the way for major altcoin rallies. Currently, Bitcoin’s weekly RSI is reclaiming its support, a bullish sign for the broader market.
Ethereum, trading near $3400, is also consolidating, with a potential breakout that could trigger substantial gains for altcoins. Large-cap coins like Dogecoin, Cardano, and Stellar have already shown strong recoveries, with gains of 22%-50% in the last day. Guys If the trend holds and money flows into mid and low-cap altcoins, these categories could see exponential moves, potentially 100%-400% in a short span. Crypto market is positioning itself for a significant altcoin season. Now all the large caps dominating the market but soon dominance will be shifted to midcap and low cap. Keep an eye on weekly RSI trends and market cap breakouts for clues. That's it for today. Thanks & have a good day!!