- The charts showed that it was still a Bitcoin season.
- Economic factors will have a big effect on the market sentiment and the chances of an altcoin season.
The Bitcoin [BTC] Dominance chart is close to plummeting lower, a crypto analyst observed in a post on X (formerly Twitter).
The higher timeframe MACD bearish crossover could elate crypto traders and altcoin investors.
Source: Moustache/X
The Bitcoin Dominance measures the market cap of BTC as a percentage of the total crypto market cap. When it drops, it means BTC is losing market share, which is a key development for an altcoin season.
How close are we to one, and what are the signals the altcoin season is upon us?
It is still BTC season, evidence shows
Source: BTC.D on TradingView
The weekly chart of the Bitcoin dominance showed a persistent uptrend since early 2023. This trend halted this year between April and July but resumed moving higher.
The upward breakout reinforced the firm grip BTC has on the capital inflow to the crypto markets.
The bands of resistance at 60% and 70%, the latter in particular, could spark a BTC.D rejection. This can usher in an alt season.
Source: Blockchain Center
The altcoin season index agreed with a reading of 22. Traders and investors must bide their time before the festivities can begin in earnest.
The macro market outlook encouraged altcoin season expectations
Source: CryptoQuant
The exchange stablecoins ratio measures the coin reserve divided by the stablecoin reserve of the exchange. A drop in this metric denotes an increased stablecoin reserve, which in turn highlights increased buying power.
The metric has been in a downtrend over the past six weeks and fell below the March 2024 lows. Investors have good reason to expect crypto prices to trend upward as demand flows in again.
A macroeconomic viewpoint from Arthur Hayes, co-founder and former CEO of crypto exchange BitMEX, asked of when the altcoin season might begin.
It examined the link between the RRP (Reverse Repo Program) and liquidity flow into financial assets such as gold or Bitcoin.
Read Bitcoin’s [BTC] Price Prediction 2024-25
He added that dollar liquidity, BTC above $70k, and Ethereum above $4k would be a prerequisite for an altcoin season.
Only time will tell whether he is right, but in the past, a large BTC rally was required to add capital to the crypto market that then circulated through the different altcoin sectors.
- The charts showed that it was still a Bitcoin season.
- Economic factors will have a big effect on the market sentiment and the chances of an altcoin season.
The Bitcoin [BTC] Dominance chart is close to plummeting lower, a crypto analyst observed in a post on X (formerly Twitter).
The higher timeframe MACD bearish crossover could elate crypto traders and altcoin investors.
Source: Moustache/X
The Bitcoin Dominance measures the market cap of BTC as a percentage of the total crypto market cap. When it drops, it means BTC is losing market share, which is a key development for an altcoin season.
How close are we to one, and what are the signals the altcoin season is upon us?
It is still BTC season, evidence shows
Source: BTC.D on TradingView
The weekly chart of the Bitcoin dominance showed a persistent uptrend since early 2023. This trend halted this year between April and July but resumed moving higher.
The upward breakout reinforced the firm grip BTC has on the capital inflow to the crypto markets.
The bands of resistance at 60% and 70%, the latter in particular, could spark a BTC.D rejection. This can usher in an alt season.
Source: Blockchain Center
The altcoin season index agreed with a reading of 22. Traders and investors must bide their time before the festivities can begin in earnest.
The macro market outlook encouraged altcoin season expectations
Source: CryptoQuant
The exchange stablecoins ratio measures the coin reserve divided by the stablecoin reserve of the exchange. A drop in this metric denotes an increased stablecoin reserve, which in turn highlights increased buying power.
The metric has been in a downtrend over the past six weeks and fell below the March 2024 lows. Investors have good reason to expect crypto prices to trend upward as demand flows in again.
A macroeconomic viewpoint from Arthur Hayes, co-founder and former CEO of crypto exchange BitMEX, asked of when the altcoin season might begin.
It examined the link between the RRP (Reverse Repo Program) and liquidity flow into financial assets such as gold or Bitcoin.
Read Bitcoin’s [BTC] Price Prediction 2024-25
He added that dollar liquidity, BTC above $70k, and Ethereum above $4k would be a prerequisite for an altcoin season.
Only time will tell whether he is right, but in the past, a large BTC rally was required to add capital to the crypto market that then circulated through the different altcoin sectors.
buy clomiphene without dr prescription can i get cheap clomiphene where can i buy cheap clomid tablets can you buy generic clomid without rx where can i buy cheap clomid pill can i order cheap clomiphene online can i buy clomid price
Thanks on sharing. It’s acme quality.
This is the kind of writing I rightly appreciate.
order zithromax 250mg online cheap – how to get ofloxacin without a prescription buy flagyl without prescription
rybelsus 14 mg pills – order rybelsus 14 mg generic buy cyproheptadine online
buy domperidone 10mg – buy tetracycline cheap buy flexeril 15mg pills
where can i buy propranolol – methotrexate medication order methotrexate sale
amoxicillin buy online – cost combivent order combivent generic
buy zithromax paypal – zithromax 250mg ca brand bystolic 5mg
buy augmentin 1000mg pills – https://atbioinfo.com/ buy ampicillin for sale
cost esomeprazole 20mg – https://anexamate.com/ esomeprazole for sale online
buy warfarin 5mg generic – https://coumamide.com/ buy cozaar 25mg for sale
mobic 15mg ca – mobo sin order meloxicam online cheap
order deltasone 20mg generic – https://apreplson.com/ oral deltasone 20mg
medication for ed – https://fastedtotake.com/ can i buy ed pills over the counter