The Bitcoin dominance is at a crucial point.
Looking at the channel construction it could break out to the downside in the upcoming weeks, which would result in an alt season.
But, there is also a chance that the dominance will create first a lower high compared to the run in December.
This would require a short upwards movement of the dominance, which would be bad for altcoins.
If we disregard the outlier in December last year, we can see a clear lower high construction since September 2019.
I think that the channel will be broken which would lead to the fall of the Bitcoin dominance. The only question is when this would happen.
Looking at other points in history, such as the time between high & low of the channel and last years alt season, a new season could occur somewhere in May.
Curious what you guys think!
Looking at the channel construction it could break out to the downside in the upcoming weeks, which would result in an alt season.
But, there is also a chance that the dominance will create first a lower high compared to the run in December.
This would require a short upwards movement of the dominance, which would be bad for altcoins.
If we disregard the outlier in December last year, we can see a clear lower high construction since September 2019.
I think that the channel will be broken which would lead to the fall of the Bitcoin dominance. The only question is when this would happen.
Looking at other points in history, such as the time between high & low of the channel and last years alt season, a new season could occur somewhere in May.
Curious what you guys think!
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。