#BTC Dominance chart has once again. respected the long-term descending trendline resistance, showing a sharp monthly rejection.
Historically, similar rejections have marked the beginning of ALT seasons, where capital flows out of Bitcoin into altcoins, boosting their performance significantly.
Chart Highlights:
Major triangle pattern since 2017
Clear rejections from the upper trendline coincide with previous ALT seasons (2018, 2021)
Current rejection resembles those past cycles
A move down in dominance could fuel strong altcoin rallies
If BTC dominance continues to decline, we could be entering another powerful altcoin season in the coming months.
Historically, similar rejections have marked the beginning of ALT seasons, where capital flows out of Bitcoin into altcoins, boosting their performance significantly.
Chart Highlights:
Major triangle pattern since 2017
Clear rejections from the upper trendline coincide with previous ALT seasons (2018, 2021)
Current rejection resembles those past cycles
A move down in dominance could fuel strong altcoin rallies
If BTC dominance continues to decline, we could be entering another powerful altcoin season in the coming months.