The cryptocurrency market has just witnessed a strong price increase, pushing the total market capitalization to $1.45 trillion, sparking many discussions around the possibility of an upcoming altseason. According to a post on July 19 by analyst PlanD on platform X, there are three main signals to watch for to confirm when altseason officially begins:
Bitcoin adjusts after the peak,
Ethereum drops to support levels,
The structural change in the Bitcoin dominance index (BTC.D).
📉 Bitcoin & Ethereum Adjustments — First Signal
PlanD believes that healthy corrections of Bitcoin and Ethereum after a hot cycle are prerequisites to trigger the flow of capital to altcoins. Specifically, he expects BTC to adjust from $121,000 down to the support area of $111,000, while ETH could drop from $3,400 to around $3,250.
Although it may sound negative, these corrections are not a sign of weakness, but rather a time for capital reallocation. When Ethereum holds support around $3,250, the ETH/BTC pair may start to rise again – an extremely important indicator signaling that the flow of money is shifting from BTC to altcoins.
📊 BTC Dominance (BTC.D) — Market Structure Breakpoint
The third signal and also crucial to confirming altseason is the movement of BTC.D — Bitcoin's dominance ratio compared to the entire crypto market. PlanD notes that BTC.D has broken a multi-month upward trend line, which implies a significant shift in market structure. The next support level is around 63.40% – if BTC.D cannot bounce back from this level, the market may witness a further decline in BTC's dominance, opening up significant opportunities for altcoins to accelerate.
🚀 Which Altcoins Will Lead the Next Wave?
In the scenario of an explosive altseason, PlanD believes that sectors with real potential will lead the market, including:
Real World Assets (RWA)
Artificial Intelligence (AI)GameFi & Web3 Gaming
Tokens in the above sectors – especially projects outside the top market cap group – may see explosive growth as capital seeks new opportunities.
📈 Current Market Index: Are Opportunities Increasing?
✅ Fear & Greed Index: 69 – Indicates that investor sentiment is positive, leaning towards risk acceptance.
✅ Altseason Index: 42 – Although not at the peak yet, it is gradually increasing, reflecting a clearer trend of capital spreading to altcoins.
🎯 Summary
With BTC.D testing the important support level of 63%, while Ethereum is likely to hold the $3,250 level and ETH/BTC bounces back, a real altseason is forming.
Investors Should Note:
Closely monitor ETH/BTC – this is the 'momentum' indicator for altcoins.
Observe BTC.D's reaction at the 63% level – if it breaks, a strong wave of altcoins may start.
Prioritize sectors with practical applications and long-term potential, such as AI, RWA, and GameFi.
⏳ Altseason doesn't happen often – but when it does, it can create unexpected breakthroughs for those who are prepared.