⚡ BTC.D Hits 63%—Altseason Trigger Point Approaching? 🪙📊

A bullish cryptocurrency market value surge to $1.45 trillion last week aroused significant discussion about the altseason. In an X post on July 19, PlanD lists three market events that will indicate the altseason's start: a Bitcoin and Ethereum decline and a key technical development in Bitcoin supremacy.

PlanD believes healthy price declines in Bitcoin and Ethereum are the first two indications to look for after their price rises over $121,000 and $3,400, respectively. The expert argues that Bitcoin and Ethereum pullbacks to $111,000 and $3,250, respectively, are optimal for capital to shift from Bitcoin to altcoins, leading BTC to fall. D.

PlanD argues this pullback might boost the crypto market, not indicate weakness. If Ethereum finds support around $3,250, the ETH/BTC pair may strengthen, favoring altcoin rallies. A stronger ETH/BTC pair generally precedes altcoin outperformance because it indicates investor interest beyond Bitcoin.

Bitcoin domination is the third and maybe most important indicator. Plan D reports that BTC.D has fallen below a rising support trendline after months of holding above it, suggesting a market structure shift. The next test is at 63.40% dominance. If BTC.D fails to retake this zone, the analyst expects a fresh fall in dominance, the biggest sign of altseason.

In this situation, PlanD advises investors to anticipate substantial positive momentum in tokens related to real-world Assets (RWA), artificial Intelligence (AI), and gaming beyond big and medium-cap tokens on major blockchains.

A 0.20% drop in the last day puts the crypto market size at $3.83 trillion. Further CoinMarketCap data shows the Fear & Greed index at 69, indicating investors' good risk appetite. Importantly, the altseason index is 42, suggesting increased cryptocurrency market momentum.

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