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BTC Dominance Nearing 0.786 Fibonacci Level – Altseason on the Horizon?
Bitcoin dominance, which measures BTC’s market cap relative to the total cryptocurrency market, is currently approaching a critical technical level — the 0.786 Fibonacci retracement, precisely around 66.20%. Historically, this level has acted as a strong resistance zone, often signaling a potential reversal in BTC dominance.
If BTC dominance starts to reverse from this level, it could mark the end of Bitcoin’s solo run and the beginning of an Altseason — a period where altcoins significantly outperform Bitcoin in terms of percentage gains.
Why does this matter?
As BTC dominance reverses, capital tends to flow from Bitcoin into altcoins, especially mid-cap and low-cap gems. This redistribution often leads to explosive moves in altcoins — with historical data showing potential 30x to even 50x returns in select projects during strong Altseasons.
This scenario aligns well with Fibonacci-based market psychology, where the 0.786 level is seen as a last point of resistance before a trend shifts. In this case, a rejection at 66.20% could be the technical confirmation that the broader market is ready to rotate out of Bitcoin and into altcoins.
Key Takeaways:
BTC dominance is nearing the 0.786 Fib level at 66.20%.
A rejection here could trigger a sharp dominance reversal.
Capital rotation may favor altcoins, setting the stage for massive gains.
Prepare for potential 30x–50x opportunities during the upcoming Altseason.
If you’re into trading or investing in the altcoin market, this could be a critical time to start researching and building positions before the breakout momentum begins.
Follow me for more premium updates.
🚀 💎 🚀
BTC Dominance Nearing 0.786 Fibonacci Level – Altseason on the Horizon?
Bitcoin dominance, which measures BTC’s market cap relative to the total cryptocurrency market, is currently approaching a critical technical level — the 0.786 Fibonacci retracement, precisely around 66.20%. Historically, this level has acted as a strong resistance zone, often signaling a potential reversal in BTC dominance.
If BTC dominance starts to reverse from this level, it could mark the end of Bitcoin’s solo run and the beginning of an Altseason — a period where altcoins significantly outperform Bitcoin in terms of percentage gains.
Why does this matter?
As BTC dominance reverses, capital tends to flow from Bitcoin into altcoins, especially mid-cap and low-cap gems. This redistribution often leads to explosive moves in altcoins — with historical data showing potential 30x to even 50x returns in select projects during strong Altseasons.
This scenario aligns well with Fibonacci-based market psychology, where the 0.786 level is seen as a last point of resistance before a trend shifts. In this case, a rejection at 66.20% could be the technical confirmation that the broader market is ready to rotate out of Bitcoin and into altcoins.
Key Takeaways:
BTC dominance is nearing the 0.786 Fib level at 66.20%.
A rejection here could trigger a sharp dominance reversal.
Capital rotation may favor altcoins, setting the stage for massive gains.
Prepare for potential 30x–50x opportunities during the upcoming Altseason.
If you’re into trading or investing in the altcoin market, this could be a critical time to start researching and building positions before the breakout momentum begins.
Follow me for more premium updates.
🚀 💎 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.