Analysts eye altseason as Bitcoin dominance ‘massive decline is around the corner’
Bitcoin (BTC) is again struggling close to the $100,000 price level, while analysts expect a crypto altseason to start. An altseason, also known as altcoin season, is a market phenomenon marked by other cryptocurrencies significantly outperforming the leader BTC. The Bitcoin dominance (BTC.D), measured by Bitcoin’s share of the cryptocurrency market capitalization, is a canary for an altseason. Looking at this leading metric, some crypto analysts like Mikybull believe a “Bitcoin dominance massive decline is around the corner.” Indeed, the analyst believes that the BTC.D chart formation with three-day candlesticks signals a clear top, forecasting a decline. This could be “huge for an altseason,” in Mikybull’ s words – an opinion also shared by other traders and analysts. Picks for you Trump 'receptive' to idea of reserve with cryp...