BTC Dominance – Are We Near the true Altseason?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:
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.
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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.
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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:
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) 🚨
