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DK’S CHART OF THE DAY
BTC DOMINANCE 1 DAY 🔬

Bitcoin dominance is a crucial metric for predicting when capital will flow out of Bitcoin and into altcoins, signaling the start of what is commonly known as "altseason." We've been closely tracking this chart for some time, and we're finally seeing signs that altcoin season is nearing.

Bitcoin dominance peaked at 61.5% on November 21st, marking a key turning point.

However, as with any asset, it's vital to focus on the broader trend. A shift in character within this trend offers valuable insights. After topping out, Bitcoin dominance started to decline, dropping from 61% to 54%.

During this pullback, altcoins saw explosive rallies, with even previously dormant projects soaring by hundreds of percent.

This surge is just a preview of what could unfold in the coming months.

More recently, Bitcoin dominance rallied again but formed a lower high, reinforcing the importance of monitoring the overall trend.

This pattern suggests that Bitcoin dominance could experience a significant drop over the next quarter.

The next potential target is 44%, but if history repeats itself, we could see dominance fall as low as 39%, as it did during the last bull run at the peak of the cycle.

Given this, the current pullbacks in Bitcoin and altcoins present excellent buying opportunities.

These may be among the last chances to accumulate altcoins at relatively low prices before the altcoin market heats up as dominance continues to fall.

Be sure to conduct thorough research and take advantage of these "red days" to position yourself for the next phase of the bull run. 

Once dominance breaks down and begins to accelerate downward, the prime entry points will likely be gone, so DYOR and trade safe as we make 2025 a year for the record books!!

https://www.tradingview.com/x/uGRfRnRo/

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T’S HOOT’S OF ENLIGHTENMENT
KEYS TO SUCCESS 💡

I started my Bitcoin journey in summer 2020 after Covid crushed my dreams. After a friend introduced me to BTC, he told me to DYOR, “do your own research”.  

I developed a strong conviction in Bitcoin as a store of value vs. the inflationary US Dollar.

After watching BTC skyrocket from under 10k to over 60k in 2021, I became a true believer. 

No matter how dark things were in 2022-2023, with all the FUD and crypto Industry upheaval, I never gave up, I just bought more Bitcoin and Alt Coins.

My people IRL, most not into crypto, said I was crazy, especially when BTC crashed to the 16k range and then stayed there a while in 2022, but I never let this sway me or change my views.

I just HODL, or as we say in crypto “hold on for dear life”. 

The best way to stay positive and HODL through the bear market or even on bull run red days is to surround yourself with like-minded people who share your beliefs about Bitcoin and Crypto.

Finding a supportive community by joining a group, in person or online, can help increase your chances of success in crypto by keeping you motivated, sharing ideas and insights. 

Want to learn more? Join us today… www.dailygainscrypto.com 

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