- Bitcoin dominance continues to fall steadily as altcoins show bullish potential.
- Analyst expects a steady BTC meltdown in the coming months leading to bullish altseason.
- Altcoin XRP could pump up to hit an ATH of $27 in Q1 of 2025.
Bitcoin price struggles to hold its dominance in the crypto market leading many analysts to believes altseason’s peak is about to commence. In particular, one analyst believes a golden window has opened for those looking to capitalize on altcoins before the explosive pump of altseason in the coming days ahead.
Analyst Expects Steady Meltdown in BTC Dominance
As we can see from the post above, the analyst marks a 140-day golden window for altcoins. He goes on to explain that BTC dominance may have topped out in November as the same 0.618 fib rejected the dominance. Once this move occurs, it usually takes about 20 weeks to reach the bottom and says that at the moment we are in week 5 out of 20.
XRP Pump to $27 This Altseason?
He concludes saying traders have about 15 weeks (100 days) to see a drop in BTC dominance where in this time he expects to see an aggressive BTC meltdown and an exciting Q1 of 2025. Adding on to the bullish narrative, one analyst shares the high potential for XRP price to hit $27.
As we can see from the post above, this analyst highlights several bullish reasons that support his bullish XRP prediction. Firstly, he marks two moves on the XRP price chart that supports a 50,000% price explosion or a 4,770% price pump. Next, he highlights the fact that RP missed the previous bull run hinting at a double price explosion this cycle. Finally, he concludes his bull case with a price chart.
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