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Roya 🐹
@art-technology
The cryptocurrency market is on the verge of a major shift. With Bitcoin consolidating above $100,000, the founders of Glassnode, one of the most respected data analytics firms in the cryptocurrency space, are predicting a potentially exciting rally in the altcoin market by examining the behavioral patterns of long-term holders and the Bitcoin dominance chart. They have identified two key conditions for this rally to occur, which could be a special Christmas gift for traders.
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Roya 🐹
@art-technology
The founders of crypto data analytics firm Glassnode have identified two key conditions for altcoins to start rallying just in time for Christmas, DailyHodl reports. Jan Happel and Yann Allemann, who work at the X platform Negentropic, told their 63,300 followers that altcoins could outperform Bitcoin (BTC) over the next two weeks. The Glassnode founders point to the Bitcoin Dominance (BTC.D) chart, which shows the percentage of the total cryptocurrency market capitalization held by Bitcoin. The two analysts shared a chart that shows BTC.D is declining, which could pave the way for altcoins to grow in value faster than Bitcoin. They say:
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Roya 🐹
@art-technology
Bitcoin’s dominance at the uptrend line has failed. Could this be the beginning of a Christmas rally for altcoins? For this to happen, it needs: Bitcoin to consolidate above $100,000. A period of Bitcoin’s swing movement in a small range could allow altcoins to prepare for a bullish move. The second half of December and the end of the year could bring fireworks to the altcoin market. Are you ready?
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Rasool 🎭🍄⚡🎩🔵🩸
@rasooljafary
nice
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✨zahra✨🎭🩸💎🎩
@zahra75
great
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0xwiiish28🎩⚡️🎭
@arezo-fjb
We will witness interesting and exciting events in the crypto market every day
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Fatima6844 🎩 🎭 🔵
@fatim6844
It was useful and complete information, thank you for sharing.
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fahimeh7069🍗🐹🎭🎩
@fahimeh7069
Crypto market and digital currencies are always developing and improving
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Maryama 🎩 🎭
@maryama
The digital currency market is on the verge of a big change
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fereshte7428🎩🔵🔮
@7428
160 $DEGEN for this art
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