Recently saw a signal that may indicate the altcoin market is about to start.
The trend of Bitcoin market dominance (BTC.D).
When BTC.D declines, it usually means that funds are beginning to flow into the altcoin market.
Looking back at the last bull market cycle, BTC.D continued to decline after forming a bearish divergence on the weekly chart, leading to a collective explosion of altcoins.
The timing was roughly between January and May 2021, when $ETH increased by 4 times, and $ADA skyrocketed by 9 times.
Now, BTC.D is once again showing signs of a bearish divergence on the weekly chart, and the Bitcoin market dominance may soon turn downward. The moment you’ve been waiting for may really be coming…