Altcoin Season on the Horizon?
If youāve been waiting for altcoin season, pay attention. Bitcoin dominance ($BTC.D)āa key market cycle metricāmight have peaked. Why does this matter? Historically, when dominance drops, altcoins take the spotlight.
Hereās whatās intriguing: $BTC.D broke a long-term trendline, retested bearishly, and is now heading lower. It also rejected the 65% Fibonacci retracement (last cycleās high to bear market low), opening the door for a potential slide to 48%. That could signal the start of a true altseason.
Supporting this, the Altcoin Market Cap ($ALTCAP) hit an all-time high, and the Altcoin Season Index is the most bullish itās been in years. Alts like SOL and LINK are already showing strength, and from what Iāve seen in past cycles, this is often how the rotation begins: Bitcoin stabilizes, and liquidity flows into alts.
For now, Iāve taken a couple of spot bags and one long on my copy trading account. Some were higher-risk plays, so I didnāt share them here, but I managed my exposure carefully. Iāll only post high-confidence setups as they emerge.
I also mentioned a potential Santa Claus Rally, and for now, Santa seems to be delivering ššµ. Iāll keep watching dominance levels and let you know if I see new opportunities. For now, it looks like altseason might not be far off. If you want to trade with me, follow my lead copy trading account,
Click here to copy my trades and š°š. Cheers, and Merry Christmas!
#altcoinseason #altcoins #alts #bitcoindominance #success $ETH $XRP $SOL