BTC.D Crumbles: Is the Ultimate Altseason About to Begin ?!!?
1. **BTC.D Drops → Altcoins Rise**:
- BTC.D measures Bitcoin's market share relative to the entire cryptocurrency market. A falling BTC.D typically means capital is flowing from Bitcoin into altcoins, signaling increased altcoin strength.
2. **Recent BTC.D Context**:
- The **rejection at 59.23% resistance** and breakdown below support (57.48%) indicate Bitcoin dominance is weakening. This often coincides with:
- A **rotation into altcoins**, as traders seek higher ROI opportunities.
- Altcoin outperformance during periods of bullish market sentiment or when Bitcoin consolidates.
3. **Supporting Indicators**:
- **Volume Shift**: Rising altcoin volume (lower BTC.D) is a common precursor to an altcoin rally.
- **RSI & CMF on BTC.D**: Weak momentum and capital inflow into altcoins align with BTC.D's bearish setup.
4. **Scenarios**:
- **Altcoin Rally Catalyst**: If BTC.D continues breaking down, altcoins could capitalize, especially large-cap alts.
- **Key Levels to Watch**: BTC.D support at 56.00%. If breached, altcoin dominance may rise sharply.
Summary
The current BTC.D setup hints at an ongoing **altcoin season** if dominance continues falling, provided overall market sentiment remains bullish.
- BTC.D measures Bitcoin's market share relative to the entire cryptocurrency market. A falling BTC.D typically means capital is flowing from Bitcoin into altcoins, signaling increased altcoin strength.
2. **Recent BTC.D Context**:
- The **rejection at 59.23% resistance** and breakdown below support (57.48%) indicate Bitcoin dominance is weakening. This often coincides with:
- A **rotation into altcoins**, as traders seek higher ROI opportunities.
- Altcoin outperformance during periods of bullish market sentiment or when Bitcoin consolidates.
3. **Supporting Indicators**:
- **Volume Shift**: Rising altcoin volume (lower BTC.D) is a common precursor to an altcoin rally.
- **RSI & CMF on BTC.D**: Weak momentum and capital inflow into altcoins align with BTC.D's bearish setup.
4. **Scenarios**:
- **Altcoin Rally Catalyst**: If BTC.D continues breaking down, altcoins could capitalize, especially large-cap alts.
- **Key Levels to Watch**: BTC.D support at 56.00%. If breached, altcoin dominance may rise sharply.
Summary
The current BTC.D setup hints at an ongoing **altcoin season** if dominance continues falling, provided overall market sentiment remains bullish.
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