(10/18, Mon) btc rose 16.5% weekly and the dominance rose to 46.79 which means altcoins are wating their turn

Yesterday(10/17 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $60923, its lowest as $58933, its highest as $61765, its closing as $61553. After the start of Sunday, Bitcoin continued to move sideways around $61k, but from 20:00, a large sell volume exploded, btc dropped over $2,500 in 30 minutes, reaching a low, then rebounding to $61k at 22:00, and then rising further to close 1.0% up after reaching the previous high at 23:45.

Looking at the 4-hour chart, yesterday's low fell -6.6% from the short-term high of $63100, which is very similar to the situation in which btc fell -6.9% after reaching $58k on 10/11. Simple calculations suggest that the next target price is $69k, up 17% from yesterday's low, and is expected to be achieved in about three days.

Bitcoin rose 16.5% on a weekly basis, and its dominance rose from 45.54 to 46.79, absorbing the energy of the crypto market. And Ethereum also rose 12.9% on a weekly basis, with major altcoins showing lower growth rates, and it can be expected that the altcoin bull market would come soon as Bitcoin get a correction in its dominance.

On the weekly chart, when btc fell to $40k at the end of September, I was worried that the MACD would dead cross, but as Bitcoin rose 42.6% for the three week in a row, the MACD chart looks like the beginning of a great bull market. Compared to the dead cross of the MACD chart six months after Bitcoin's big win since October of last year, I guess this rise can be expected too much.