4. Macroeconomic Conditions

Monetary Policy:

Loose monetary policy (low interest rates, quantitative easing) tends to fuel risk-on assets like crypto.

If central banks begin easing policies by 2024–2025, it could prolong a bull market, with a potential top around late 2025.

Global Liquidity: Increased global liquidity from stimulus or financial easing could extend the bull market, while tightening may cap it.

5. Bitcoin Dominance

Altcoin Season:

Near market tops, Bitcoin dominance typically falls as funds flow into speculative altcoins.

Tracking Bitcoin dominance falling below 40% could indicate the euphoric phase before a market peak.