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Bitcoin has rallied with a strong price push after correcting from it's recent yearly high, and once again has delayed any attempt of there being an alt season.
The latest move saw Bitcoin climb 10% over the past 24 hours, back over $11,000 and reaching $12,000 before a slight retrace. However the extreme volatility in Bitcoin has seen alt coins taking a beating against the USD as well as Bitcoin pairs.
BTC/USD chart provided by Tradingview
With Bitcoin looking strong again, alt season could be further off than everyone thinks as most alts look terrible at the moment. Bitcoin dominance currently remains around the 63% mark, and could potentially sink alts even lower if we see another breakout of BTC price.
Rektseason or saltseason would be better names.
— Crypto Michaël (@CryptoMichNL) July 4, 2019
$BTC bull flag forming? watch out if this breaks out 🚀 pic.twitter.com/c9wrRco7vA
— Satoshi Flipper (@SatoshiFlipper) July 4, 2019
But but maybe there's still a chance for reconciliation.. pic.twitter.com/oQbPfB22XZ
— Squeezy (@cryptoSqueeze) July 4, 2019
There’s likely still time to dump your alts before the next BTC move up
— Moon Overlord (@MoonOverlord) July 4, 2019
This year, Hopium Analysis got the better of me.
— Squeezy (@cryptoSqueeze) July 4, 2019
$ETH is on the verge of jumping off a cliff with a descending triangle.
— Squeezy (@cryptoSqueeze) July 4, 2019
ETH/BTC looks bad.
ETH/USD not looking bullish either.
If BTC continues to be bullish, the long term ETH/BTC floor will be broken.
Stay safe.#PrayforETH #Ethereum pic.twitter.com/oWC1hEtfyP
spoiler: bitcoin ATH coming soon
— Crypto₿irb (@crypto_birb) July 4, 2019