Hold onto your hats, crypto fam! Real Vision founder and ex-Goldman Sachs exec, Raoul Pal, just threw down a gauntlet that’s got the entire market buzzing. He’s calling it: Bitcoin’s dominance is topping out.
Pal points to daily, weekly, and monthly DeMark setup signals, essentially screaming that we’re hitting a peak. But here’s the kicker – this peak isn’t even as high as the ones we saw in 2021, which themselves were lower than the 2017 highs. That’s a pretty worrying trend, folks.
If Pal’s read is correct, buckle up for the ‘banana zone’ – that chaotic, unpredictable period where altcoins go absolutely bonkers while Bitcoin chills. This isn’t a prediction of Bitcoin dying, understand, but a signal the smart money is about to rotate.
Let’s dive a bit deeper into DeMark setup signals, shall we? These aren’t just random lines on a chart. They’re mathematically derived indicators used to identify potential reversal points in a trend. Essentially, they highlight exhaustion signals.
DeMark setup signals, when appearing across multiple timeframes (daily, weekly, monthly in this case), amplify the probability of a significant shift. It’s about recognizing when the initial thrust of a bull run is losing steam.
Historically, periods following these signals often see a redistribution of capital, with investors seeking higher-risk, higher-reward opportunities in altcoins. This is precisely why everyone is talking about ‘altcoin season.’
I’m not saying dump your Bitcoin! But seriously, pay attention. This could be the moment to rebalance and diversify, or you’ll be watching other coins moon while you’re stuck holding the bag. Don’t say I didn’t warn you!
