ALTSEASON has already started!
The BTC Market Cap Dominance (BTC.D) has made an emphatic rejection at the top (Lower Highs trend-line) of the 8-year Triangle and if it closes the 1M candle of August below the 1W MA50 (red trend-line), it will largely confirm the new Bearish Leg.
With the 1M LMACD about to complete its first Bearish Cross in more than 4 years, it is more probable to see this strong and lengthy downtrend target the bottom (Higher Lows trend-line) of the Triangle near the 0.1 Fibonacci level, similar to the previous one.
The Target is 43.00%.
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source https://www.tradingview.com/chart/BTC.D/m0hrbcY4-ALTSEASON-has-already-started/
source https://www.cryptomadden.com/2025/08/altseason-has-already-started.html
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