Crypto Experts Predict Imminent Altcoin Season Amid Bitcoin Trends
TL;DR Summary
Crypto strategist TechDev suggests a new altcoin season may be imminent, based on historical patterns from the 2017 and 2020 bull markets. He notes that altseasons typically begin after Bitcoin achieves three consecutive weekly closes above its previous cycle highs, leading to a drop in Bitcoin Dominance (BTC.D). TechDev also highlights that Bitcoin's recent movement into the parabolic zone, as indicated by its RSI and Bollinger Bands, mirrors its 2017 bull market behavior, potentially signaling a shift where altcoins could outperform Bitcoin.
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