Bitcoin dominance is approaching its peak, will the altcoin season come?

As Trump won the U.S. presidential election, the cryptocurrency market heats up, and Bitcoin (BTC) has just broken through its all-time high of $89,956. However, after the halving event, Bitcoin's dominance has approached its peak, and investors have begun to turn their attention to smaller altcoins. Cryptojack, a well-known cryptocurrency analyst, pointed out that the pattern of altcoins taking turns to lead the market may hint at the arrival of the altcoin season.

According to historical data, Bitcoin's strong performance is usually accompanied by a rebound cycle of altcoins. Cryptojack analyzed that the decline in Bitcoin's dominance is often a prelude to the altcoin season. In past market cycles, this reversal usually occurred about 1065 days after Bitcoin rose, and then the market ushered in a period of excellent performance of altcoins. This trend has been verified in 2018 and 2022.

At present, Bitcoin's dominance phase is approaching the end of 1066 days, which means that the altcoin season may be coming. For investors, this upcoming turning point is undoubtedly full of opportunities and challenges.

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