⚡️ #Bitcoin correlates with the growth of the U.S. stock market

The #DowJones and #S&P500 indices have reached all-time highs on the back of positive quarterly revenue reports. The U.S. banking sector is also showing growth — for example, #BankOfAmerica's profit exceeded forecasts and reached $25.49 billion.

🕯 #BTC dominance has risen to 58%, but some experts, such as Michaël van de Poppe, believe the market is on the verge of an altseason.

According to him, the Bitcoin chart shows signs of bearish divergence. If this signal is confirmed, we can expect a liquidity shift toward altcoins. Poppe claims that a key sign of the start of altseason will be a breakout of the 0.04 level by the #ETH/BTC pair.

#Opinion #CryptoNews

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