đ„Altcoin trading plan for the next 1 year based on BTC.D ($BTC Dominance)
Currently, the community has the view that altcoins have reached the end of their cycle and there is only one rising wave left before entering the downtrend.
đ§However, I think the strongest price increase of altcoins has not even come yet and the clearest evidence is the index #BTC.D
Specifically, to predict when the altcoin market (TOTAL 2 and TOTAL 3) will really break out, you can rely on the evolution of the BTC.D index as follows:
đBTC.D may not have peaked yet:
In the 2018 and 2021 cycles, the altcoin season only really takes place when BTC.D increases by 70%.
=>> Currently BTC.D is at 54.6%, so this may not be the peak of BTC.D.
Besides, because new altcoins are being added a lot (Binance lists more than 30 projects in the first half of 2024), and top altcoins like $ETH or $BNB do not appear too "weak" against BTC (as evidenced by the ETH exchange rate). /BTC and BNB/BTC decreased significantly in the downtrend).
đ„Maybe the peak of BTC.D this cycle does not reach 70%, but falls around 60 - 65%.
đWhen will BTC.D peak?
In fact, BTC.D increased the most when Bitcoin surpassed its old peak and led the bull market. Specifically, in the 2018 cycle, BTC.D peaked when Bitcoin reached 20k USD. In 2021, BTC.D peaked as Bitcoin rose to 40k USD.
đ„Therefore, this cycle, I think BTC.D peaked when Bitcoin had its ATH at 80 - 100k USD. This is also an ideal buying zone for altcoins.
â In terms of time, it could be from the end of 2024 to mid-2025. This is also the time when EthereumETF was traded, the FED started lowering interest rates, miners accumulated Bitcoin again after many months of post-halving sell-off, in addition to The results of the US presidential election have been announced.
