$BTC
BTC dominance is dumping hard ๐
Is this the start of an Altseason?
To be honest, the short answer is "No".
Alts were way too oversold, and this looks like a relief rally.
This doesn't mean it won't continue more, but this is not something like Q4 2024 or Q1 2024.
The market still hasn't fully switched to a risk-on environment and it won't happen until FED starts rate cuts and ends QT.
How long could this rally continue?
It'll mostly depend on ETH.
I think ETH could rally towards $2.8K-$3K in Q2, which means alts could rally 40%-60% from the current level.
BTC dominance is dumping hard ๐
Is this the start of an Altseason?
To be honest, the short answer is "No".
Alts were way too oversold, and this looks like a relief rally.
This doesn't mean it won't continue more, but this is not something like Q4 2024 or Q1 2024.
The market still hasn't fully switched to a risk-on environment and it won't happen until FED starts rate cuts and ends QT.
How long could this rally continue?
It'll mostly depend on ETH.
I think ETH could rally towards $2.8K-$3K in Q2, which means alts could rally 40%-60% from the current level.