Dogecoin

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<p>With Bitcoin’s dominance reaching multi-year highs and its price rising near $68k, the crypto market is going through a pivotal time. According to analysts Ash Crypto and EGRAG Crypto, this could cause shifts in market tendencies.</p>
<p>Moreover, they hypothesize that altcoins may soon show better performance while <a href="https://captainaltcoin.com/bitcoin-btc-price-nears-70000-again-is-there-enough-liquidity-for-spike-to-100000/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin keeps rising</a>.</p>
<h2 class="wp-block-heading" id="strong-bitcoin-dominance-reaching-peak-levels-strong"><strong>Bitcoin Dominance Reaching Peak Levels</strong></h2>
<p>In tandem with the price increase to $68k, BTC dominance, a measure of the assets’s market share relative to other crypto tokens, has surged to a 42-month high.</p>
<p>Per Ash Crypto, should Bitcoin rally toward $80k to $90k in the upcoming month, BTC dominance could increase even further to 61%.</p>
<p>EGRAG CRYPTO echoes this sentiment, stating that Bitcoin dominance is approaching <em>“the final stage of a topping formation.”</em> This development, according to EGRAG, sets the stage for a unique market scenario where Bitcoin’s price may continue to rise while its market dominance begins to wane.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> Dominance – The Set-Up is Ready! <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> Dominance is reaching the final stage of a topping formation! This means we're about to see <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> Dominance drop while <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> price pops! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"> In terms of cycle duration and timing, along with the formation of <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> Dominance and price… <a href="https://t.co/zPhnJ6L3gB" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/zPhnJ6L3gB</a></p>— EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1846788912091451641?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 17, 2024</a>
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<h2 class="wp-block-heading" id="strong-altcoin-season-on-the-horizon-strong"><strong>Altcoin Season on the Horizon</strong></h2>
<p>Both analysts foresee a shift in market dynamics favoring altcoins. EGRAG CRYPTO emphasizes that when <a href="https://www.fxstreet.com/cryptocurrencies/news/crypto-today-bitcoin-dominance-hits-highest-level-since-2021-btc-and-ethereum-steady-while-xrp-gains-202410171228" target="_blank" rel="noopener noreferrer nofollow">Bitcoin dominance</a> falls while its price surges, it creates an ideal environment for altcoin growth.&nbsp;</p>
<p>The analyst warns followers to stay alert, describing the potential market move as “FAST and FURIOUS.”</p>
<p>Ash Crypto draws parallels to the previous market cycle, recalling that Bitcoin broke its ATH of $19,500 on December 16, 2020. Bitcoin dominance peaked 18 days later, on January 3, 2021, which was followed by five months of exceptional altcoin performance.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/dogecoin-doge-and-bonk-memecoin-prices-are-pumping-heres-why/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Dogecoin (DOGE) and BONK Memecoin Prices Are Pumping: Here’s Why</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-timing-and-strategy-for-investors-strong"><strong>Timing and Strategy for Investors</strong></h2>
<p>The analysts offer different perspectives on timing. EGRAG CRYPTO suggests the altcoin rally could begin imminently, urging followers not to “blink” or risk missing the opportunity.&nbsp;</p>
<p>Ash Crypto, however, presents a more measured timeline, advising investors to hold their altcoins for the next six months in anticipation of the coming “ALTSEASON.”</p>
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   <p lang="en" dir="ltr">ALTSEASON 2.0 UPDATE <br><br>BTC dominance reached a 42 month<br>high as Bitcoin pumped to $68,000. <br><br>BTC Dominance can jump to 61% if <br>BTC rallies towards $80k-$90k in the<br>next 30 days.<br><br> What does it mean for you?<br><br>– Bitcoin can give big rally &amp; outperform <br>Alts for few weeks.<br><br>– ALTs… <a href="https://t.co/9DIxKYBGjT" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/9DIxKYBGjT</a></p>— Ash Crypto (@Ashcryptoreal) <a href="https://twitter.com/Ashcryptoreal/status/1846800132429251047?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 17, 2024</a>
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<p>Ash Crypto also notes that Bitcoin may outperform altcoins for a few weeks <a href="https://www.actionforex.com/contributors/technical-analysis/572269-bitcoin-price-set-to-reach-new-high-before-us-elections/" target="_blank" rel="noopener noreferrer nofollow">as it approaches new all-time highs</a>. The analyst predicts that altcoins will start to outpace Bitcoin once it establishes a clear uptrend beyond its previous record.</p>
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<p>The post <a href="https://captainaltcoin.com/altcoin-rally-imminent-bitcoin-dominance-nears-top-as-analyst-warns-dont-blink/" rel="noopener noreferrer nofollow">Altcoin Rally Imminent? Bitcoin Dominance Nears Top as Analyst Warns: ‘Don’t Blink’</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Altcoin Rally Imminent? Bitcoin Dominance Nears Top as Analyst Warns: ‘Don’t Blink’

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