🧵Has altseason started? 5 things to know about Bitcoin this week:



1️⃣ BTC accumulation, altcoin explosion
Bitcoin is in a "wait and see" phase around the $119K mark, as money flows into altcoins like ETH and XRP. BTC dominance has dropped sharply from 66% to nearly 60% – a clear sign of altseason.

2️⃣ Risk of deep adjustment
Some traders warn about a pullback to $114K to fill the CME gap. The unclear wick up suggests that market makers may be building shorts.

3️⃣ Target price temporarily stabilizes
BTC could reach $130K in the next 2–3 weeks, but higher milestones like $145K–160K are still far off. Traders expect the final surge in Q4.

4️⃣ Fed and Powell exert pressure
Fed Chairman Jerome Powell continues to be pressured by Trump to cut interest rates, although the likelihood of a cut in July is only <5%. FedWatch: the market is torn between "holding steady" and "a 0.25% cut" in September.

5️⃣ BTC flows into the exchange
CryptoQuant warns that the amount of BTC on exchanges is increasing again — a signal that investors may take profits and selling pressure could rise. Whales have not dumped heavily yet but need to be monitored closely.

📌Altseason is heating up, but be cautious of short-term volatility!
#Bitcoin # Altseason #CryptoVietnam # BTC #ETH # Powell #CryptoQuant
BTC-0.47%
XEM-2.52%
ETH-1.12%
XRP-3.89%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)