Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) could see a strong end to the year, according to fresh technical analysis by a prominent market observer.
What Happened: Pseudonymous analyst Virtual Bacon stated that a Q4 rally hinges on whether August’s uncertainty clears by September.
He highlights Bitcoin dominance as a critical factor for altcoin strength, which could drop going into Q4.
Bacon warned that even a slight rise in Bitcoin dominance could hurt low-cap altcoins, while larger caps like ETH …