Important volume profile section: 5.163
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Looking at the 1 month chart of BTC.D.
To kick off the altcoin bull market phase on a note; Bitcoin dominance needs to drop below 55% and either stay steady or keep declining.
If the dominance of Bitcoin surpasses 62% in the market share of cryptocurrencies I believe that alternative coins may experience a decrease or drop significantly in value.
I believe it's not the moment to engage in altcoin trading at the present juncture.
When trading altcoins digital currencies other than Bitcoin (BTC) it's essential to act promptly and concisely, in your responses.
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(RUNE/USDT price, on the 1 minute chart).
A volume profile section has emerged near the level of 5 163; it will be crucial to observe if it garners backing and ascends from that point.
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A chart, with one weeks worth of data.
In section 4 from 404 to 5163 of the document reveals that the short term signal on the chart is greater than the long term signal on the monthly chart.This indicates a shift, towards a consistent pattern emerging.
It's crucial to determine if there is backing for the range, between 4.404 and 41563.
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Given the price position and considering that the HA High indicator on the 1 week chart is, at 7.683 points my belief is that there's a strong possibility of a significant uptrend (gradual uptrend ) starting if the price surpasses 7.683 and remains steady at that level.
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The key question is whether it can find backing 5,421 and surpass 6,605.
If it drops below the range of 4 404, to 4 218 make sure to look for assistance around 4 404.
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Given that the StochRSI indicator's hovering around the 50 mark chances are there might be a significant level of volatility ahead.
Henceforth it is advisable to seek assistance and determine the opportune moment, for making transactions.
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Enjoy yourself!
"Thanks a lot."
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Looking at the perspective.
The market is likely to see an upward trend once it surpasses the 29,000 mark."
In the bullish market the area predicted to see activity ranges from 81,000, to 95,000 units.
The Bitcoin to US Dollar exchange rate, over the 12 months.
The first number is $44,234 and 54 cents.
The second value is 61383 dollars and 23 cents.
When the amount exceeds 101,875 dollars up, to 106,275 dollars (in cases of going over the limit).
The fourth item amounts to 134018 dollars and 28 cents.
Between $151,166 and $157,451 (in case it goes over).
The fifth item, on the list is 178,910 dollars and 15 cents.
In the time we may face challenges at these specific junctures where overcoming them will be crucial for progress to continue.
Lets observe how things shift when we interact with this part as I believe we could potentially set a trend in the exceeding section.
Bitcoin to US Dollar price chart for the month.
If the significant upward trend persists until 2025 as projected it is likely to initiate a retracement phase, to reaching approximately 57014.33.
The initial amount is 43,833 dollars and 5 cents.
Second place achieved a total of 32,992 dollars and 55 cents.
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