Xander Crypto
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1 553
BTC Price Perspective:
As of now, the dominance of Bitcoin (BTC) in the crypto market is quite close to the cycle top at 56%. Based on previous trends and current market observations, I am anticipating this to reach around the 57-58% mark before experiencing a rejection, much like the last two cycles we've seen.
In the first cycle, BTC dominance was at its peak around 96%. Following this, it experienced a significant crash to 35% in 2017. Interestingly, it was during this period that BTC hit its all-time high price for that specific cycle.
In the subsequent cycle, a similar pattern was observed. The peak dominance for BTC was around 73%, and this was followed by a sharp fall back to 38% in 2021. This was the period when BTC reached a new all-time high.
ALT Coin Perspective:
Given these patterns and the cyclical nature of the crypto market, we expect to see a similar trend in this current cycle as well. We predict that BTC dominance will touch around 58%, before crashing back to the 40% range in 2025.
Furthermore, based on these projections and market analysis, we anticipate that BTC will hit a new all-time high in 2025. This is indeed positive news for altcoins. Historical data shows that whenever BTC dominance takes a hit, the alt season comes into play.
Therefore, with the 2025 bull run's alt season yet to start, we believe this presents a favorable opportunity to invest in altcoins.
Invest in ALTs now and HODL
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Adding to todays forecast and expectations, the sudden and harsh rejection from dxy's daily supply is telling. realistically, this is a sign of lowered rates on the way. of course, i don't think it happens this meeting, but it would be truly a shock to myself and probably many others. more importantly for us here is that consensus and general sentiment surrounding dxy weakness is primarily due to the fact that we are most likely hearing comments that suggest lowered rates for next month or the following fomc meeting.
Atm $BTC is doing a strong daily candle, but the day is not ended yet. Let's see how this plays out.
i don't usually reference dxy too much, but i feel we are at an important turning point here for the roaring rates we've had over the past two years. a sign of things to change and it is telling in the chart here today.
FOMC coming up in less than an hour 📈📉
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- Money is never enough, It is something but it's not everything. The grind you do today will ultimately pay you off, No hardworking man dies poor if he has a set of rules & a gameplan.
Personally the happiest time in my life was my childhood, when my parents, who loved me very much, were around, and I was care free, even though we were poor at that time. Unfortunately, no amount of money can buy that back.
Setbacks, losses, and slow days are part of the grind. One must look back from where he came from and look at where he wants to go and set a path for himself to follow with discipline and determination. Earlier when memecoins were no trend people used to look at IDOs/IEOs they almost became obsolete, a tech or a trend will never stay, you have to keep that child brain in you and learn what's popping in the comm.
Gn y'all
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📈 DEX trading volume on the Solana network has surpassed Ethereum and BNB Chain in the last 24 hours.
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A trader who spent 12,110 SOL ($2 million) to buy 135 million GME 3 days ago sold GME worth 118 million GME for $2.33 million -link
➿➿➿➿➿
At the moment, he has 16.94 million GME ($288 thousand) left, and the total profit is $618 thousand.
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JUST IN: $300 million liquidated from the cryptocurrency market in the past 60 minutes.
🤡
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Going good with the challenge 🎮
Using this trade as a hedge against $portal trade, I've DCA'd it and once that's on breakeven we'll take some profits on the $pepe trade 🕯
That's all that's the current strategy. Sharing my views on the market and some more limit entries in a bit. 📣
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For people who didn't get this trade here, was because it's available on Bybit & This trade was closed at +82% profit (You can see it on the master trader profile)
To COPY my trades : Read this
If you don't have a Bybit Account you can sign up with this link 🔗
https://www.bybit.com/invite?ref=3LXBGP
Sign-up > Do KYC > Add funds > Copy
If you already have a Bybit Account you can directly copy trades from here 📊
https://i.bybit.com/Ouo6abl?action=inviteToCopy
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