This week is crucial in determining if we’re officially entering the highly anticipated bull run of 2024-2025. Key indicators to watch include Bitcoin’s price movement, Bitcoin dominance, USDT dominance, and Total 3 dominance.
If Bitcoin’s price maintains an upward trend and Bitcoin dominance grows, it suggests market confidence and investor interest in BTC, potentially signaling the beginning of the bull market. Additionally, monitoring USDT dominance is essential, as a decrease could indicate that funds are moving out of stablecoins and into Bitcoin and altcoins, fueling further market gains. Lastly, keep an eye on Total 3 dominance, which represents the overall dominance of altcoins excluding Bitcoin and Ethereum. A rise here indicates the broader market rally that often accompanies a bull run.
Stay alert, as these indicators together could give a strong confirmation of a new crypto bull market cycle.
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