Altseason is coming!!!hello guys!
let's compare these two dominance indexes to forecast the alt season!
Left Chart: Bitcoin Dominance (BTC.D)
Trend Overview:
BTC dominance is currently at 57.79%.
A downward arrow indicates a potential drop to the 52% range, aligning with past support levels.
Interpretation:
A decrease in BTC dominance suggests that capital might flow out of Bitcoin into other cryptocurrencies (altcoins), typically signaling the onset of an altseason.
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Right Chart: Ethereum Dominance (ETH.D)
Trend Overview:
ETH dominance is 12.64%, showing a bottoming formation within a long-term support zone.
An upward arrow predicts a bounce back to higher levels around 14%-15%.
Interpretation:
An increase in ETH dominance often precedes or accompanies an altseason since Ethereum typically leads the altcoin market during these phases.
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Conclusion:
Combined Analysis:
The expected drop in BTC dominance paired with a recovery in ETH dominance points towards a likely redistribution of market capital into altcoins.
Timing:
Such dominance shifts generally unfold over weeks, making it plausible for an altseason to occur in the near future, likely within the first quarter of 2025.
