Rally

Cryptocurrency

Carl

Bull Market

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-anticipate-altcoin-rally-as-bitcoin-dominance-fluctuates/" data-wpel-link="internal">Investors Anticipate Altcoin Rally as Bitcoin Dominance Fluctuates</a> 
Cryptocurrency investors are entering an intriguing phase of bull markets. Investors now hope that BTC will not rise further, as Bitcoin’s market dominance increases while <a href="https://en.coin-turk.com/expectations-of-a-bull-market-in-bitcoins-fourth-block-reward-halving-year/" data-wpel-link="internal">altcoins</a> are weakening. However, this challenging period may soon come to an end. If ETH can close above its recent tested levels, a rally in altcoins may begin. 
<h2 style="text-align: justify" id="when-will-the-altcoin-bull-market-start">When Will the Altcoin Bull Market Start?</h2> 
Bitcoin (BTC) has reached $98,384, marking another all-time high in the last 24 hours. It is now on the verge of hitting six-figure prices. However, the situation for altcoins is not as favorable. MSTR shares have seen a 20% drop, and with recent geopolitical statements from the UK regarding Russia, BTC has pulled back slightly, yet ETH remains above $3,300. 
The Moon Carl drew attention to the bullish flag forming in the Ether chart, stating: 
<blockquote> 
 “Ethereum appears to be breaking upward from this Bull Flag! The first significant target is $3,370.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-408899 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/ether-boga-bayragi.jpg" alt="" width="2185" height="1214"> 
Today, the ETH price tested a crucial target, but it needs to maintain closing above it to continue the bullish flag breakout. If it reaches the formation target of $4,152, Bitcoin’s market dominance will weaken, leading to the anticipated exciting rallies across altcoins. 
<h2 style="text-align: justify" id="comments-from-crypto-analysts">Comments from Crypto Analysts</h2> 
Ali Charts highlights the growing interest from whales in <a href="https://en.coin-turk.com/dogecoin-attracts-investor-attention-with-whale-transactions/" data-wpel-link="internal">DOGE</a> prices, independent of fluctuations. He noted that over 550 million DOGE were acquired last week, suggesting that the $214.5 million purchase by whales might indicate a larger movement. Currently, DOGE is around $0.4, and if interest remains strong at these high levels, reaching the $1 target in this cycle is possible. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-408900 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/doge-balina-alimlari-scaled.jpg" alt="" width="2560" height="1211"> 
DonAlt wrote about the constant complaints from <a href="https://en.coin-turk.com/what-is-ankr-coin/" data-wpel-link="internal">altcoin</a> investors, sharing insights from his experiences. 
<blockquote> 
 “People holding altcoins tell me, ‘Don, you’re a complete idiot; altcoins always follow BTC.’ If they always do that, why are you still holding them?” 
 “If you know how this works, why didn’t you buy BTC to return to altcoins at the perfect time?” 
 “I think many of you will struggle while holding altcoins and will give up in the last few days before they truly rise. I still remember holding several altcoins from 10k to 20k in 2017. While BTC doubled, they lost up to 40% of their value. So, if BTC rises from $100,000 to $200,000, can you hold your altcoins that drop 40% in USD terms?” 
</blockquote> 
The post <a href="https://en.coin-turk.com/investors-anticipate-altcoin-rally-as-bitcoin-dominance-fluctuates/" data-wpel-link="internal">Investors Anticipate Altcoin Rally as Bitcoin Dominance Fluctuates</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Investors Anticipate Altcoin Rally as Bitcoin Dominance Fluctuates

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