Bitcoin Dominance Nearing a Top — Altseason Incoming in JULY
Bitcoin Dominance (BTC.D) is approaching overbought levels on several key oscillators across multiple timeframes. While the 1-Week chart still shows momentum that could push BTC.D slightly higher over the next few weeks, the indicators are signaling an upcoming shift.
📅 Timing the Rotation:
We're eyeing mid to late July as the likely window for a rotation into altcoins. This would mark the beginning of a potential mini altseason, where top-performing altcoins could outpace Bitcoin for a limited but lucrative period.
💼 Strategy Insight:
This could present a strong opportunity to trim or exit older alt positions from earlier in 2024—especially if they rally hard during this period of temporary dominance weakness.
🔍 Watch the oscillators and volume trends closely. The BTC.D reversal could be subtle at first but may lead to outsized moves in select alts.
source https://www.tradingview.com/chart/BTC.D/tnHVwnEW-Bitcoin-Dominance-Nearing-a-Top-Altseason-Incoming-in-JULY/
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