Today might just mark the start of Altcoin Season. With BTC breaking its final trendline resistance and heading toward the 1.272 Fibonacci extension ($103,616), the stage is set for altcoins to take center stage. Total2 (Altcoin Market Cap excluding BTC) has cleared a critical resistance zone, and ETH/BTC has hit a significant level, signaling a shift in market dynamics.
Historically, when Bitcoin dominance peaks during parabolic moves, liquidity flows into altcoins, fueling explosive gains. The fractal overlay on BTC suggests this cycle could fast-track into Q1 2025, aligning with a potential altcoin rally starting now.
If you’re positioned in quality altcoins, this is the moment to watch closely. Momentum is building across the board. With Total2 breaking out, the conditions are primed for a significant altcoin surge to follow Bitcoin’s lead.
Altcoin Season starts now – don’t get left behind.
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.
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.