News View Non-AMP

Is Altcoin Season Finally Here? Bitcoin Dominance Dip Hints at Recovery

Published by
Mustafa Mulla

After a brutal few months where many altcoin prices plunged 30% to a staggering 70%, whispers of an altcoin season revival are stirring. Why the sudden shift? It all boils down to a recent development with Bitcoin’s dominance…

Prominent crypto trader Titan of Crypto has highlighted a significant development: Bitcoin’s dominance has broken out of a bearish wedge pattern. This indicates a potential decrease in Bitcoin’s market share, a signal that an altcoin season could be on the horizon.

Analyzing the Breakout: What It Means for Altcoins

In a recent analysis, Titan of Crypto confirmed a major breakout in the rising wedge pattern on Bitcoin dominance charts. According to the 1-week charts, this bearish wedge pattern has formed, and the breakout has been confirmed.

Typically, this pattern suggests a downward trend, indicating that Bitcoin’s dominance is likely to drop to 39.97%.

Altcoins to Mark a Comeback?!

Titan of Crypto’s analysis suggests that the decline in Bitcoin dominance could create a favorable environment for altcoins to recover. After experiencing weeks of corrections, this shift might allow altcoins to regain value and market position. 

However, Trader suggests that investors could see this as an opportunity to shift their focus towards altcoins, expecting a potential gain.

Historical Context: Learning from 2021

Looking at the weekly charts, BTC.D fell from 62.69% in March 2021 to 40.89% in May of the same year. This period coincided with many altcoins reaching their all-time highs during the last bull market. 

However, for the market dynamics to resemble those of 2021, at least 75% of the top 50 altcoins must perform better than Bitcoin. The decrease in Bitcoin dominance allowed altcoins to gain attraction and outperform Bitcoin.

Bitcoin’s dominance has decreased slightly this week from 55.04% to 54.68%. This small drop suggests that some altcoins have started to outperform Bitcoin. 

Read Also: Top Altcoins Picks For Breakout Rally Gains Next Week

As investors continue to monitor these trends, the coming weeks could provide more clarity on whether an altcoin season is indeed on the way.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

Grayscale Files S3 for Crypto ETF Featuring XRP, Bitcoin, and Top Altcoins

Grayscale has recently filed an updated S3 registration statement for its Digital Large Cap Exchange-Traded…

April 2, 2025

Cardano (ADA) Price Prediction for April 2

It seems like ADA, Cardano’s native token, has successfully retested its crucial support and is…

April 2, 2025

Uniswap (UNI) Price Set for 30% Surge? Key Levels to Watch

UNI, Uniswap's native token, appears bullish and is poised for massive upside momentum after a…

April 2, 2025

M2 Money Supply vs. Global Liquidity: Don’t Get Mistaken!

The crypto market is always shifting based on global money trends, but a new debate…

April 1, 2025

XRP’s Worst-Case Scenario Could See a Drop to $0.30

XRP holders are finding themselves at a crossroads as recent market trends raise questions about…

April 1, 2025

Bitcoin’s Price Dropped by 5%—Experts are Seizing the Moment: RUVI AI’s Token Presale Launching in a few Hours

Bitcoin, the flagship cryptocurrency, has taken a hit with a 5% drop in its price.…

April 1, 2025