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.
#ETHBreaks3700 #StablecoinLaw #StrategyBTCPurchase #CryptoMarket4T #GENIUSAct
