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When will AltCoins flourish? Three major events revealed this month
When does the alt season begin to flourish?
Based on BTC, BTC-D, and the long-term analysis of the ETH/BTC trend, in the comparative trend chart from 2019 to 2022, it can be observed:
1. In 2020, BTC started the third wave of the main upward trend after the halving in 2 months;
2. The Bitcoin dominance (BTC-D) peaked in December 20, 7 months after the halving, and then began to decline all the way;
3. ETH/BTC also started to strengthen after hitting bottom in December 20, with ETH as the king of altcoins.
4. This bull market is moving faster than the bull market in 2021, so it is speculated that BTC-D is expected to peak in October, 6 months after the halving, with a range prediction of 57%-60%.
5. The Ethereum ETF is expected to be launched in July, and the estimated time for ETH/BTC to reach its bottom may be earlier, but for a big move, it still needs to wait until after October. #btc