- Analyst sees bullish altcoin setup supported by Bitcoin Dominance.
- He then goes on to throw light on the Cardano Risk Model.
- ADA could be one of the most bullish altcoins this bull cycle.
A reputed analyst sees bullish altcoin setup supported by Bitcoin Dominance and highlights the Cardano risk model. The analyst says that a similar setup led to significant market gains in the past and expects new ATHs to play out this time too. Presently, Bitcoin Dominance is showing signs of hitting one more higher high target before finally falling and paving the way for altcoin dominance to take over.
Analyst Sees Bullish Altcoin Setup Supported by Bitcoin Dominance
As we can see from the post below, this analyst shares a detailed video where he breaks down the many bullish observations in the crypto market and what this could mean for certain crypto assets in the coming weeks and months ahead. He begins by highlighting a bullish altcoin setup supported by Bitcoin Dominance, which, when played out the last time, led to significant crypto asset pumps, including new ATHs for multiple assets.
He begins by throwing light on Bitcoin Dominance and an altcoin chart analysis. In particular, he marks several signals on the Bitcoin Dominance chart and concludes that Bitcoin Dominance has been making its way to a certain point, and once it hits this are,a it will fall and will give altcoins the trigger to take over in terms of dominance and eventually to hit a string of new ATHs like Bitcoin did in Q4 2024.
Next, he says that no matter what happens, altcoins are poised to have a very successful bullish performance in the coming months ahead. Then he draws a link between Bitcoin and altcoins. Here, he highlights critical Fibonacci and RSI levels and confirms that Bitcoin is being overbought, and the last time it did that, BTC Dominance retraced. In contrast, when Bitcoin Dominance pumped, the price of BTC broke out too.
In terms of action on altcoins, the analyst says that altcoins are currently bottoming and are waiting for Bitcoin Dominance to collapse. Historically, altcoins went parabolic when BTC Dominance fell. Furthermore, the analyst highlights how altcoins are being recognized by financial institutions and altcoin adoption is better than it ever has in the past amkring another reason why this bull cycle could be significantly bullish for altcoins.
Cardano Risk Model Explanation
The analyst then switches to analyzing ADA and tlas about how strong Cardano has been. Through COVID, tariff wars, brutal market crashes, Cardano has continued to build and ADA has continued to hold and provide value. Thus, the analyst concludes that ADA will likely pump exponentially this bull cycle as the value of the blockchain will flow bullishly into the value of the token in the peak of the coming altseason.
