#AltcoinSeasonLoading

Bitcoin Dominance.

If BTC dominance reached its peak yesterday, it could lead to a crazy alt season. A strong decline in Bitcoin dominance for ~20 weeks. This should lift many altcoins to new highs.

I am aiming for a target of 40-42%, but targets below, such as ~35%, are also quite possible. I am considering such a target as well. See the chart above.

We have a lower high than previous years, 2021 and 2017. We also have divergence on the weekly RSI just like in 2021. Very similar setups, and yesterday confirmed this. If this works out, the upcoming growth phase will be incredible for altcoins.

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