Has the altcoin season started? A few weeks ago, I said that I expected the altcoin season to come after the halving, and here’s why I think it’s starting now.

ETH just broke above BTC after six weeks of bearish trending and range-bound trading, which is very similar to what happened after the halvings in 2016 and 2020. ETH traditionally leads the altcoin season, so the bullishness is a good start!

BTC Dominance

This is the ratio between BTC’s market cap and the rest of the crypto market cap, and can be a good indicator of altcoin season.

Ironically, BTC dominance usually plummets right after the halving, but it has happened in 2016, 2020, and now.

Repeating

This cycle is similar to the previous two, although there are some differences, such as BTC breaking out of its all-time high early.

People like to think that things change in every cycle, but remember the four most dangerous words in investing:

“This time is different”

I don’t think this time is any different. The crypto market is doing what it always does, in my opinion.

My plans remain the same

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