So, Bitcoin’s been chillin’ around $105,500. Not quite the party animal it once was, right? It peaked at $106,807 earlier, only to crawl back to $105,500. How relatable. But hey, Bitcoin’s dominance (BTC.D) also decided to take a little nap around 64%. Because who doesn’t love a good stall, right?
Now, enter the certified analyst, Tony “The Bull” Severino. He’s looked at this Bitcoin slumber party and thinks the 64% zone is basically like your Wi-Fi—either it’s working or it’s about to drop. According to Tony, this could be the point where things either flip over like a pancake or Bitcoin keeps dragging its feet. So fun!
BTC Dominance Hits Resistance, Candlestick Flash Warnings 🙄
And here’s Tony’s spicy hot take: He spotted a Doji candle on the BTC.D chart. A Doji! It’s like the tech world equivalent of finding a typo in a 1,000-page document. It’s bad news. The Doji is a sign that Bitcoin dominance might be slowing down. In plain English: Tony thinks Bitcoin might be about to give up the crown (for a little while, at least).
But hold your horses—there’s a twist. If the current monthly candle becomes an Evening Star, Bitcoin dominance could really start heading south, below 62%. Oh, the drama! But don’t get too excited just yet. According to Tony, the Relative Strength Index (RSI) still says, “Nah, Bitcoin’s got some fight left.” So basically, we’re all still waiting for the next episode of “Will Bitcoin Finally Go to Bed?”
Altcoin Season: Please Hold, We’re Not There Yet
Okay, so maybe the altcoins can feel a bit of a breeze, but don’t pop the champagne just yet. Tony’s cautiously optimistic. He sees some signs of life in the altcoin market, but he’s not betting on an “altcoin season” just yet. The RSI says, “We’re still good, fam.” He even used words like “don’t jump the gun,” which basically translates to: “Hold your excitement. We’re not there yet.”
Bitcoin’s still boss at $105,000 for now, and the altcoins are waiting for that BTC.D to drop below 62%. Until then, Bitcoin reigns supreme. Sorry, altcoins. There’s a chance you might get your moment, but today’s not the day.
As of now, Bitcoin’s at $105,500, down 0.1% in the last 24 hours. Bitcoin dominance is at 63.1%, dropping 0.57%. Meanwhile, Ethereum’s out here flexing, up 2.13% to 9.6%.
Read More
- CRK Boss Rush guide – Best cookies for each stage of the event
- Fortress Saga tier list – Ranking every hero
- Glenn Greenwald Sex Tape Leak: Journalist Cites “Maliciously Political” Motives
- Mini Heroes Magic Throne tier list
- Grimguard Tactics tier list – Ranking the main classes
- Cookie Run Kingdom Town Square Vault password
- Castle Duels tier list – Best Legendary and Epic cards
- How to Prepare and Dominate the Awakened Hollyberry Cookie Update
- Hero Tale best builds – One for melee, one for ranged characters
- Overwatch Stadium Tier List: All Heroes Ranked
2025-06-04 19:17