Expert Predicts ‘Epic Altseason’ if Bitcoin (BTC) Dominance Breaks This Pattern: Shares Top 5 Altcoin Picks – Kaspa (KAS), Bittensor (TAO), and Others
Cryptocurrency enthusiasts are closely monitoring Bitcoin (BTC) dominance, which is on the brink of a critical pattern shift. Crypto expert ParabolicPump predicts an “epic altseason” if Bitcoin (BTC) dominance breaks its current pattern.
His analysis indicates that altcoins will gain strength as BTC dominance declines. Moreover, the analyst highlights key altcoin sectors and shares his top five picks for 2024 altseason.
What you'll learn 👉
Bitcoin Dominance and the Impending Altseason
ParabolicPump has identified a crucial pattern in the BTC dominance chart. A bearish divergence, marked by a downward trend, signals a potential shift. He believes this divergence mirrors the last bullish divergence that marked the previous bull run’s end. As BTC dominance wanes, altcoins are poised for substantial gains.
ParabolicPump emphasizes the urgency of positioning in altcoins now. He notes that many altcoins are already forming higher lows and highs, indicating the onset of a bullish phase.
Peak fear surrounding altcoins, coupled with the anticipated decline in BTC dominance, sets the stage for an epic altseason. He states, “Once $BTC Dominance breaks this rising wedge to the downside & starts trending lower… #Altcoins will finally have an EPIC ALTSEASON!”
Key Indicators and Market Sentiment
Ethereum (ETH) has shown a bullish move, breaking out of its mid-term downtrend. ParabolicPump predicts that ETH will outperform BTC, contributing to the anticipated decline in BTC dominance. This trend, supported by various market indicators, suggests a bullish future for altcoins.
ParabolicPump advises crypto investors to focus on specific narratives: Artificial Intelligence (AI), Real World Assets (RWA), and Gaming. These sectors, according to him, are the most promising for altcoin investments. With altcoins at discounted levels, there’s significant potential for upside movement in the coming weeks.
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Show more +Top Altcoin Picks for 2024
In his analysis, ParabolicPump reveals his top five altcoin picks:
- Kaspa (KAS): Known for its innovative blockchain technology.
- Bittensor (TAO): Focused on decentralized AI models.
- Qubic (QUBIC): Excelling in smart contracts and decentralized applications.
- TRIAS (TRIAS): Offering robust security solutions.
- RIO (RIO): Gaining traction in the digital asset space.
These altcoins are expected to benefit greatly from the upcoming market trends. ParabolicPump suggests investors double down on these high-quality altcoins, as they are positioned for substantial growth.
As the crypto market braces for a potential shift, ParabolicPump’s analysis provides valuable insights. The expected decline in BTC dominance could trigger an “epic altseason,” benefiting altcoins significantly. With strategic investments in key altcoins and sectors, investors have the opportunity to maximize their returns in 2024.
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