Bitcoin: Infrastructure Is In, Now the Clock Starts on Rotation

BTC dominance 59.62%, Fear & Greed at 28 (extreme fear), 11.8% below October ATH—ETF infrastructure validated, but price consolidating as profit-taking pressure meets institutional demand. Either rotation begins or $100K becomes the battleground.

Cycle Reality: BTC Dominance 59.62% (TradingView Oct 20), Altseason Index 39 (Coinglass Oct 20), Fear & Greed 28 (Alternative.me Oct 20)—Bitcoin Season confirmed, alts bleeding as BTC consolidates 11.8% below Oct 6 ATH of $126,080
Base target: $120-130K (Q1 2026, 45%) IF ETF flows sustain + $100K holds
Rotation target: $140-160K (Q2-Q3 2026, 25%) IF dominance drops <55% AND institutional momentum accelerates
Risk control: $100K psychological support critical / Top risks: Profit-taking cascade, corporate pause extends, macro reversal.