Bitcoin Dominance - A Bullish Breakout towards 65%
Here is my forecast for the bitcoin dominance chart:
I think we could see a continued bull run on the BTC.D weekly towards the 70% (overbought) level by the end of this year - so you definitely want to remain overweight BTC until then.
The picture also suggests that we may see another "alt season" near the end of 2024, as the crypto market heats up and we enter Fomo phase of the cycle. I believe the alt season could last until Q1-Q2 of 2025, at which point the entire market will be overbought. At this point, look for the ones that pumped the most - these will make for great short plays to hold in 2026.
I think we could see a continued bull run on the BTC.D weekly towards the 70% (overbought) level by the end of this year - so you definitely want to remain overweight BTC until then.
The picture also suggests that we may see another "alt season" near the end of 2024, as the crypto market heats up and we enter Fomo phase of the cycle. I believe the alt season could last until Q1-Q2 of 2025, at which point the entire market will be overbought. At this point, look for the ones that pumped the most - these will make for great short plays to hold in 2026.
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