This is the formula to start ALTCOIN SEASON and it has appeared today?
Bitcoin has made an impressive recovery to 96k and this has created excitement in the market. Additionally, a formula supporting Altcoin Season has emerged:
Bitcoin Price increase + BTC Dom reduce = Altcoin Price increase more
Many Bitcoin holders have taken profits from Bitcoin and shifted their capital to altcoins in search of higher profit opportunities. That is the exact reason why altcoins are not experiencing deep corrections but are instead rising very quickly as Bitcoin's price recovers.
This is a very good signal and Altcoin Season may start soon, as BTC Dom has decreased to the long-term growth trendline, which means Bitcoin will give up more market share to altcoins.
