š Altseason is Approaching: Key Insights on Bitcoin Dominance and What It Means for Altcoins
As we watch the market closely, many of you are wondering: when will altseason finally begin? The chart tells an important story, and here's what we need to focus on.
š Bitcoin Dominance: Right now, BTC dominance is already nearing the crucial 60% level, and this is where the real action begins. If Bitcoin dominance breaks out from this level, it could signal the start of the altseason we've all been waiting for. However, thereās a key threshold to keep in mindāBitcoin dominance can only reach 70% at most, as stablecoins like USDT and USDC are also considered part of the broader altcoin market.
ā ļø What Does This Mean for Altseason?
If BTC dominance continues to rise and approaches 70% while Bitcoinās price remains strong, it would indicate that once dominance starts to fall, weāre in for an altcoin rally unlike anything weāve seen before. When the dominance breaks, altseason could explode, with altcoins gaining momentum at an unprecedented pace.
š Key Things to Watch:
Keep an eye on BTC dominance as it nears 60% and beyond. A breakout from this trendline could signal the start of the transition to altseason.
Remember, 70% is the upper limit for Bitcoin dominance, which means that once we hit that peak, a shift toward altcoins is inevitable.
š Timing is Everything: The best way to anticipate altseason is by watching Bitcoin dominance closely. The moment we see a breakdown in BTC dominance after it hits its peak, we will likely enter a phase of rapid altcoin growth.
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