An influential crypto analyst identifies what is needed to spark the next altcoin boom.
Rekt Capital has started a brand new thread. tells A 543 1000 followers of his on the social platform X, he said that Altcoins will be in full swing once Bitcoin (BTCStarts to decrease the dominance or percentage in relation to the market capitalization.
The trader stated that after the Crypto King reaches a dominance of 71% in the next year it will start to drop, although no exact date was provided.
“‘Will there ever be another Altseason?’ Yes, the next time BTC Dominance collapses, which is likely going to start from ~71%.”
Rekt Capital goes on to note that Bitcoin dominance levels have drastically changed compared to the last cycle, and that its monthly Relative Strength Index (RSI) – a technical indicator that signals when an asset’s momentum is due to reverse course – is the highest It’s always been.
“Bitcoin Dominance Monthly RSI is on the cusp of reaching new all-time high levels after successfully retesting November 2024 RSI (green) as support…
In August 2019 and in December 2020, the Monthly RSI 60 was green. During previous cycles, RSI monthly 60 represented the ceiling. This cycle’s monthly RSI is 60.
As of the writing date, flagship digital assets are trading at $83,052, down 1.88% in the last 24 hours.
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