Crypto Analyst Predicts When Altseason Will Finally Arrive (Spoiler: Not Yet!)

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Well, folks, brace yourselves. A crypto analyst, who goes by the rather mysterious name of Rekt Capital (presumably to avoid creditors and angry altcoin enthusiasts), has dropped some wisdom on us. According to this anonymous oracle, altcoins might just start to outperform Bitcoin (yes, really) once a very special metric—Bitcoin dominance—takes a little tumble.

Rekt Capital, with a modest following of 545,100 souls on the social media platform X (formerly Twitter, in case you’ve been living under a rock), reckons that the BTC dominance (BTC.D) metric is on the brink of a downward spiral. In layman’s terms: Bitcoin may start to look a little less like the only crypto in town, and the altcoins might just get their time to shine. 🎉

Now, for the crypto nerds in the back, BTC.D is at 64.73%. This is essentially the tool traders use to measure how much of the crypto market cap is still swamped by Bitcoin. And if you’re wondering if this is exciting, you’re absolutely right—it’s like watching the stock market with a thrilling plot twist every five minutes. 🕵️‍♂️

“If history repeats (as it’s wont to do), the real altseason everyone’s been waiting for will begin once Bitcoin dominance hits a wall at around 71% (yep, the dreaded red zone).” Yeah, because nothing says “party time” quite like a metric hitting the 71% mark. 📉

Apparently, Rekt Capital also thinks that Bitcoin dominance is just playing a little game of “will it, won’t it” with the 64% mark. This is all eerily reminiscent of the 2019 drama, when Bitcoin surged to 71% before coming crashing down into a downtrend. I mean, who doesn’t love a good crypto soap opera? 🎭

“BTC dominance has successfully retested the November 2024 highs (yes, apparently we’re still talking about 2024, not a typo), only to fall back down to ~64% (blue). It looks like Bitcoin dominance might just do the whole reclaiming thing again—sort of like that time it clawed its way back from ~60%.” Sounds like a fun game of musical chairs, doesn’t it?

And just when you thought the plot couldn’t get more exciting, Rekt Capital also suggests that Bitcoin is on the verge of entering yet another price discovery phase. After all, the king of crypto has been consolidating for what feels like a century. Get ready for a rollercoaster, folks! 🎢

“Bitcoin price discovery roadmap: Bitcoin is just about ready to complete its first price discovery correction, before shifting into its second price discovery uptrend.” In other words, buckle up, it’s going to be a bumpy ride! 🚀

As of right now, Bitcoin is sitting pretty at $93,961, down 1% in the last 24 hours. Which, if we’re being honest, is just another day in the life of crypto. 😅

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2025-04-30 21:44