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Bitcoin Dominance Prints Bearish Cross on 3-Week Timeframe, Altseason Peak Pumps on the Horizon
Bitcoin Dominance prints bearish cross on the 3-week timeframe.
Analyst also states that USDT Dominance is far from where it should be.
Both indicators signal bullish altseason peak phase on the horizon.
As expectations for altseason’s peak phase to arrive grows stronger and closer, several altcoins show promising signals for a bullish pump soon. Other factors add to the bullish frenzy as well. In particular, Bitcoin Dominance prints bearish cross on the 3-week timeframe, fueling heightened altseason expectations. The time may have finally come for BTC to allow altcoins take the lead
Bitcoin Dominance Prints Bearish Cross
So far, this crypto bull cycle has been slightly different from the previous bull cycle. To highlight, BTC went on to set a new ATH this bull cycle, before the Bitcoin Halving event even occurred. This led to a rapid rise in Bitcoin prices and a few new altcoins like SUI, FET, and ONDO, all these assets set new ATH prices, with Bitcoin setting a string of them until it hit a prolonged correction phase in Q1 of 2025
This was unfortunate news for altcoins enthusiasts, as Q1 following a Bitcoin Halving year was traditionally when altseason’s peak phase for that bull cycle occurred. Thus, altseason was delayed by two quarters at the least this bull cycle and analysts believe that Q3 is when altcoins prices will finally start to flourish. So far, Q1 is when ETH bottomed leading to a steady rise in all altcoin prices in Q2 and Q3
In Q3, ETH price is expected to reclaim the $4,000 price region and surpass its previous ATH at the $4,800 price range. Additionally, several legacy altcoin prices have finally begun to surge, with many assets up between 30% and 70% so far. What’s more, some legacy altcoins like BNB have already started to set new ATH prices, further boosting the anticipation for altseason peak phase to arrive
As we can see from the post above, one of the most bullish signs for altseason come on the Bitcoin Dominance chart. Most recently, Bitcoin Dominance went on to form a bearish cross on the 3-Week timeframe. This also means that Bitcoin dominance just lost its 3-year uptrend, acting as the biggest sign of all for a parabolic altcoin price pump and a start to the long-awaited bull cycle altseason.
USDT Dominance Still Has a Long Way to Go
Another bullish indicator comes from the post above. This analyst draws attention to the bullish potential of altcoins using stablecoin dominance for support. As the post mentions, USDT Dominance is still a long way from where it belongs. This means that altcoins will continue to rise strongly and steadily until new ATHs are met for all digital assets in play. He concludes with an action to accumulate during dips