#AltcoinSeasonLoading Bitcoin dominance.
If BTC dominance reached a peak yesterday, it could lead to a crazy altseason. Strong decline in Bitcoin dominance over ~20 weeks. This should lift many altcoins to new highs.
I am aiming for a target of 40-42%, but targets lower, such as ~35%, are also quite possible. I am considering that target as well. See the chart above.
We have a lower high than the previous years, 2021 and 2017. We also have a divergence on the weekly RSI, just like in 2021. Very similar setups, and yesterday confirmed this. If this works, the upcoming growth phase will be incredible for alts.