Today, we are witnessing a long downtrend in the crypto market. BTC price approached the key trend level. Indicators will show us that the market is overbought, and I think that a market reversal is fully possible. At the same time, the BTC dominance on the bottom. And the alt indicator of the season will show its greater probability. What do you think about this,
It's almost oversold right now and when you're seeing altcoins and so many tokens and coins getting oversold. Im expecting the price of bitcoin will be going around 39k and this will be creating another dump for bitcoin. The reversal will always possible as long as bitcoin will not get another fake pump like last night and so many people are feeling worried if they are getting trapped by bulltrap.
is it possible to start the alt season and what altcoins can surprise us?
It's not possible as long as bitcoin was still in the bearish mode. All of coins can surprise you when bitcoin goes to the bullish trend. Whole of cryptos in markets are in red and how is it possible for you to expect something big from there? Bitcoin is key of market right now.
Personally, I think that these will be altcoins that showed growth during the downtrend: NEAR ATOM FTM LINK
Good choices and i see how they can decouple from bitcoin. that proves that they have strong fundamental as well.