bullish

2024

Bitcoin

when

Coin

<ul class="wp-block-list news-points"> 
 <li><strong>Bitcoin hits a new all-time high, boosting investor confidence and market growth potential.</strong></li> 
 <li><strong>BTC dominance weakens, suggesting altcoins may surge as crypto market dynamics shift.</strong></li> 
 <li><strong>Technical indicators show bullish momentum, but overbought signals hint at a possible correction.</strong></li> 
</ul> 
<p>Bitcoin reached a new all-time high (ATH) of $88,600.71, a 9.06% gain in the last 24 hours. This strong performance shows investor confidence and indicates strong buying pressure, which is pushing the crypto market toward growth.</p> 
<p>As Bitcoin’s dominance stabilizes, the altcoin market may be ready for a parabolic breakout. Looking at previous bull cycles, altcoins often see rapid price increases after Bitcoin breaks through to new ATHs.</p> 
<p>CryptoAmsterdam, a crypto analyst, predicts that in Q4 2024 and Q1 2025, we will see another altcoin surge when the total crypto market cap, excluding Bitcoin and Ethereum, reaches a crucial resistance zone.</p> 
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<h2 class="wp-block-heading" id="h-bitcoin-dominance-shows-signs-of-weakening">Bitcoin Dominance Shows Signs of Weakening</h2> 
<p>Despite Bitcoin’s impressive rally, the long-term trend in Bitcoin points to a potential shift in market dynamics. Historically, Bitcoin’s dominance has followed a downward trend since 2017, with r…</p>
<p>The post <a href="https://coinedition.com/bitcoin-hits-new-all-time-high-fueling-altcoin-breakout-predictions/">Bitcoin Hits New All-Time High, Fueling Altcoin Breakout Predictions</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Bitcoin Hits New All-Time High, Fueling Altcoin Breakout Predictions

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