BTC Dominance – Are We Near the Altseason?
BTC dominance has been rising recently, and many believe the real altseason will begin once BTC.D reaches 71%, just like in the previous cycle.
However, it might happen sooner than expected.
On the 1W timeframe, several signs are flashing:
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On the Daily chart:
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On the Monthly chart, it’s pretty clear we’re nearing the end of the BTC dominance cycle, and a rotation of capital is likely to follow soon.
Now, there are 2 possible scenarios:
When you look at the Monthly chart, it’s easy to see that this cycle is different. With an overbought RSI, and a potential break of structure, a long-awaited MACD correction could be the trigger for the real altseason.
🚨 DYOR (Do Your Own Research) 🚨
BTC dominance has been rising recently, and many believe the real altseason will begin once BTC.D reaches 71%, just like in the previous cycle.
However, it might happen sooner than expected.
On the 1W timeframe, several signs are flashing:
- RSI is showing a bearish divergence that’s about to play out.
- Since January 2023, the MACD has been in overbought territory.
- Each time RSI peaked above 70%, we saw a rejection of 8–10%. It's currently at 68% and nearing that level again.
- On December 2nd, 2024, the structure was broken, but it has since re-entered its rising channel.
🔗
On the Daily chart:
- BTC.D is approaching its cycle peak around 65%, which should act as a resistance and potential reversal point.
- Since the structure was already broken once, another downside break is highly probable.
🔗
On the Monthly chart, it’s pretty clear we’re nearing the end of the BTC dominance cycle, and a rotation of capital is likely to follow soon.
Now, there are 2 possible scenarios:
- Altseason starts at 65% in this cycle.
- Altseason starts again at 71%, mirroring the previous cycle.
When you look at the Monthly chart, it’s easy to see that this cycle is different. With an overbought RSI, and a potential break of structure, a long-awaited MACD correction could be the trigger for the real altseason.
🚨 DYOR (Do Your Own Research) 🚨
Trade closed manually
As shown in the updated chart, the push toward 65% for BTC.D has been tempered by rising resistance, marked in red.Currently, BTC.D appears to be experiencing a MACD crossover, signaling a potential correction. If this plays out, it could trigger a pump in
Some altcoins are already showing signs of strength —
Will we top out at the forecasted 65%, or will
Next week holds the answer. If
Note
BTC.D is at 65%, mission accomplished.Note
And now BTC.D is doing exactly what was forecasted 2 months ago, pull back and altseason starting.Note
New fresh idea publsihed about BTC.DDisclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.