#AltcoinSeasonLoading

Bitcoin dominance.

If BTC dominance reached its peak yesterday, it may lead to a crazy alt season. A 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 ones in 2021 and 2017. We also have divergence on the weekly RSI like in 2021. Very similar setups, and yesterday confirmed that. If this works, the upcoming growth phase will be incredible for alts.

A 20-week alt rally, like in 2021, would bring us to September of this year. If BTC.D has not yet peaked, we will have to wait a little longer. Let's see…