#altcoin #season plan is still en route!

Yes, $BTC is consolidating around the level of the new #ATH . In fact is just defining this new area of 123k-124k as support and if tonight’s candle will close above 124k we can consider a new bullish move for $BTC in the coming days. Though traditionally this may mean that alts are still on hold, I think that this alt season will be different.

As tonight we close another great week, I think it’s just fair to look a little on the possible scenarios that $BTC #Dominance may unfold in the coming days.

#MidTermTrade wise, we can see that BTC.D has moved for a long time in an upwards channel, with seldom touches of the bottom limit of this channel.

This changed in the end of June ‘25 and BTC.D has been correcting hard since then. So hard that it broke down through one big support (59.90%), bouncing from the support of 57% and trying now to reach back to 59.90%.

Personally I think that this break of the uptrend is a clear tendency of loosing dominance and if the resistance of 59.90% manages to reject it, we will test again the big support of 57%, which if broke, will open a clear downtrend for BTC Dominance.

I am very bullish on the alt season as long as we don’t see a come back of the BTC dominance inside the upward channel but as days goes by, this scenario becomes less and less possible.