Let's keep it simple : BTC dominance is currently at a crucial level. (39,5%)
If we are not able to hold and bounce from where we are, then we could easily see BTC dominance decreasing to 35%.
I won't call for an alt season right now, as I think its too early but we are not so far away anymore, from seeing best ALTs outperforming BTC moves on short term, again.
The only thing which makes me doubt about an alts season right now is BTC being under his bullmarket support which is currently at 52-53k
(BTC being under bullmarket support is not the best setup for a real alt season like we saw in the past).
If BTC is able to get back, stay above 52k-53k$ and move sideways for a while, then a strong ALT season could start.
Time will tell.
If we are not able to hold and bounce from where we are, then we could easily see BTC dominance decreasing to 35%.
I won't call for an alt season right now, as I think its too early but we are not so far away anymore, from seeing best ALTs outperforming BTC moves on short term, again.
The only thing which makes me doubt about an alts season right now is BTC being under his bullmarket support which is currently at 52-53k
(BTC being under bullmarket support is not the best setup for a real alt season like we saw in the past).
If BTC is able to get back, stay above 52k-53k$ and move sideways for a while, then a strong ALT season could start.
Time will tell.