š Bitcoin price Dominance & Altcoin Season: The Ripple Effect of Sudden Volatility.
š Market Overview:
Bitcoin price dominance has shown 136 days of volatility, and if history repeats itself, this trend may persist until April 6, 2025, according to Master Kenobi. This period is described as the first stage of Bitcoin profit capital rotationāa crucial phase that often sets the stage for the broader market's next move.
š„ What Happens Next?
1ļøā£ Capital Rotation Phase:
Master Kenobi forecasts a major drop in Bitcoin dominance following this rotation period. This shift could ignite the long-awaited altcoin season, where altcoins thrive, particularly if the bull market continues until April.
2ļøā£ Historical Parallels:
Bitcoin dominance previously bottomed on May 14, 2021, coinciding with the crypto marketās first peak during the 2021 bull run.
A similar trend may emerge, with dominance bottoming as early as March 2025, though some predictions extend this timeline to April 6, 2025.
š The Bitcoin Halving Connection
During the last cycle, the first dominance low occurred 4 days after Bitcoin's halving anniversary on May 11, 2020.
Based on this pattern, the next dominance bottom could occur between April 20ā23, 2025, potentially marking the market's high point.
š® Key Insights & Predictions
Market Peak Timing: While the exact date of the market peak remains unclear, Master Kenobi believes his predictions will become more precise as events unfold.
Altcoin Season Outlook: If dominance indeed drops as expected, this could signal the start of a golden period for altcoins, with many cryptocurrencies thriving.
š” What Does This Mean for Traders?
š Bitcoin Dominance Trends: Monitor dominance closely as it signals shifts in market dynamics.
šŖ Prepare for Altcoin Season: Position yourself early in promising altcoins to maximize potential gains.