Is the Altcoin Season Back? by nithishfloopz

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bitcoin · @nithishfloopz · Nov 6 '19

$1.64

Is the Altcoin Season Back?

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<p><img src="https://i.ytimg.com/vi/KRXE1LrZTJ8/maxresdefault.jpg" width="1280" height="720"/></p>
<p>With Bitcoin's recent price surge a week back , soaring up 40% in a single day , The Bitcoin dominance that was steadily decreasing saw a steep pump.</p>
<p>This lead the people to doubt that the Altcoin Season was not going to happen.</p>
<p>But in the past week and half Bitcoin's price has been steadily hovering around the $9200-$9400 range.</p>
<p>This lead the altcoins to increase in dominance.</p>
<p><img src="https://www.tradingview.com/x/FLwZ1gEk/" width="1073" height="622"/></p>
<p>Now the Bitcoin Dominance chart looks good for a reversal in trend leading us to the next Altcoin Season.</p>
<p>It is continually setting Lower Highs and Lower Lows which is very good for the Altcoins.</p>
<p>But Still we need to look at if the Bitcoin price rallies up or down in the coming weeks and how the altcoins react to that price action.</p>
<p>We are not far away from confirming the trend reversal for the altcoins.</p>
<p>Let time decide.</p>
<p>If you have found value in this content leave an <strong>Upvote.</strong></p>
<p>You can Follow me <a href="https://steemit.com/@nithishfloopz">HERE</a></p>
<p>Thank you.</p>
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👍 minnowsupport, msp-curation, ausbitbank, crimsonclad, scaredycatguide, danielsaori, clayboyn, juliakponsford, victoriabsb, r0nd0n, krystle, zaxan, ma1neevent, javiersebastian, mitchelljaworski, amberyooper, st3llar, bex-dk, justinparke, chrono.pal, preludiocosmico, auditoryorgasms, midlet-yourpal, wizardofaus, digitalpnut, anarcist69, nithishfloopz, tomhall.pal, fallrain, gregoryhedrich, curpal

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@fiicjames · Nov 7 '19

I just hope this happens. We crypto lovers has been waiting for this

Posted using [Partiko Android](https://partiko.app/referral/fiicjames)

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@magic8ball · Nov 6 '19

To the question in your title, my Magic 8-Ball says:<blockquote>Very doubtful</blockquote><hr>*Hi! I'm a bot, and this answer was posted automatically. Check [this post out](https://steemit.com/introduceyourself/@magic8ball/introducing-the-magic-8-ball-bot) for more information.*

👍 nithishfloopz

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@nithishfloopz · Nov 6 '19

Hahaha nice one ! let's see

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