Bitcoin Dominance Hits a New Cycle High!

"Bitcoin dominance that has now hit a new cycle high and likely very shortly heading to 66%. If you look at like the fib retracement levels, you can see that 66% just seems like the the next major level. It could overshoot. Absolutely. Like 66.2."

"Q2 rally that would likely start to stall around mid June in preparation for likely weakness in the third quarter of the year."

"But I'm wondering if you just see ETH Bitcoin do something like this where it then finds itself back down here by September and then maybe gets another bounce back up. But during this drop, it would likely usher all Bitcoin pairs to the range lows... I still think you'll likely see ETH Bitcoin a little bit lower by August, September than it is right now."

"I think what we're going to see is a low by Bitcoin USD around August, September. That's what I think is going to happen... my base case for Bitcoin is a bleed into Q3. That's my base case."

"my guess is that it's going to there's going to be some weakness going into the August September time frame."

"I've said forever they were likely going to see weekly closes back down here at at 5,400 sats. And it looks like it's likely going to break down there relatively soon."

"If you look at ADA Bitcoin, right, down back down to 500 sats"

"If you go look at at dominance, Bitcoin dominance excluding stable coins, you can see it's it's at 69.59%. So it's almost at 70%. Probably will be there relatively soon."

"It just makes sense to me that they're going to keep on fading until the range lows right now... The destination is likely 0.25, right? That's the destination more than likely... There's a chance we go there this summer... all Bitcoin pairs... to the range lows by September."

"In this case, you can see that they're already at 28. Okay? And they still need to go down to 0.25 or so. So, they're getting close, but they're not there yet"