An unprecedented altseason is shaping up according to CRYPTO ALTCOIN BULL RUN data 🤯
A HISTORICAL SIGNAL: THE START OF ALTCOINS?
A historical pattern observed in previous cycles of 2017 and 2021 stands out: a six-month candle on the Bitcoin chart, after surpassing all-time highs, typically precedes an altcoin boom.
THE BITCOIN DOMINANCE FACTOR
The decrease in Bitcoin's dominance (the proportion of its market capitalization in relation to the total crypto market) is a key indicator. When Bitcoin loses ground, altcoins often experience significant growth.
BOLLINGER BANDS AND THE MOMENTUM OF ALTCOINS
Bollinger Bands, a technical indicator, also play an important role. When Bitcoin reaches the upper limit of these bands on a weekly chart, altcoins typically experience strong momentum.
TOWARDS AN EXPLOSIVE ALTSEASON?
The TOTAL2 chart, which measures the market capitalization of all crypto assets except Bitcoin and stablecoins, suggests imminent explosive growth.
IMPLICATIONS FOR THE MARKET
This possible "altseason" represents an opportunity for diversification and growth for investors, but it also warns of the need for caution in a volatile market.