3 Ways Bitcoin Go Rebound for Top
Crypto analyst Benjamin Cowen yan talk about three way we fit see Bitcoin dominance for pass altcoins: if e bounce pass the 20-week simple moving average (20W SMA), if e drop toward the 50-week SMA wey go make altcoin loss deeper, and if e stay side to side around the 20W SMA for long. Cowen expect say Bitcoin dominance go reach bottom then start to go up late late, e mean say people go start put money for BTC again instead of altcoin season.
Trader Axel Bitblaze talk say the wahala wey dey usually happen for September fit no happen this year. With the Ethereum ETF money wey dey come in and wen dem fit cut rate later, Bitcoin fit survive the early wahala. If history go repeat, we fit see one strong "melt-up" rally for Q4.
Traders suppose dey watch Bitcoin 20W SMA, the ETF money wey dey enter Ethereum, and how Bitcoin dominance dey change as important signs to decide wetin dem go do for their portfolio.
Bullish
Cowen dem waka scenario dem—like di rebound pass di 20-week SMA and di ETF money wey dey enter Ethereum—show say demand for Bitcoin dey rise compared to other altcoins. Plus di chance say rate go cut and di old time Q4 rally pattern, all these tins mean say BTC go strong, e likely say e go push price up as money dey move back to Bitcoin for both short and long term.