Bitcoin Season! BTC Dominance triple bottomBitcoin Dominance has just found a very Bullish Pattern, a Triple Bottom. I would expect BTC to potentially break the All Time high within the next 1 month, before correcting again down to the 44k level 1 last time. And then we may be in for a big long run up!
Gotta Love Bitcoin Season, because it precedes Altcoin Season, another very fortunate time. I call the previous, "Bitcoin Season", although there really is no term for it. We used to think every 4 years, BTC would knock everybodies socks off and steeply incline, but that seems to be lengthening from 4 years to potentially up to 6 years (Jan, 2024). We won't know until it happens, although there is data suggesting this.
I have talked about this before - having measured distances of random points in a 4 year halving cycle on Bitcoin (BTC halves every 4 years, meaning its production of new Bitcoin is cut in half, essentially limiting the supply(. When I measured, I only had a couple data points, but I came up with numbers between a 1.6x to 1.66x increase. This is how I predicted the bottom of the current BTC decline to be early-mid October. And how I came up with Jan 2024 for the actual peak.
Altcoin Season happens after people pour their money back into BTC. It's almost like a slingshot affect, BTC springing up high, Alts dropping to lowest prices - prices here referred to each coins cost in Bitcoin. To see this, check out your favorite Alt/BTC chart. Then, during incline, Alts start staggering behind. When Bitcoin Peaks - we see the Alts rapidly accelerating, and when BTC crashes - the Alts just take over. They didn't peak until May 2018, 6 months after Bitcoins crash! Those who traded were rewarded, as Tron - an example - gained 7000% on Bitcoin. A lucky trader would have made 70x more Bitcoin!!
Excited for the coming seasons - although I do think we will have to wait for the actual peak.
