Analyst Predicts 37% Drop in Bitcoin Dominance Could Trigger Altcoin Season
The current high Bitcoin dominance, above 65%, is limiting the potential for an altcoin season. Historical patterns indicate a significant drop in Bitcoin dominance is needed for altcoins to rally.
Key Insights on Bitcoin Dominance
- Bitcoin dominance has been following a trendline since 2017, acting as a resistance point.
- A breakdown from this trendline could lead to a sharp decline in dominance, potentially to levels between 42% and 45%.
- Analyst CoreCrypto views this as a critical inflection point, where a rejection from the trendline could signal the start of an altcoin season.
- Rising strength in Ethereum compared to Bitcoin often precedes altcoin rallies.
- A break below support levels could accelerate the fall in Bitcoin dominance.
CoreCrypto anticipates a possible 36.91% decline in Bitcoin dominance, following historical trends of previous altcoin seasons.
“If BTC.D gets rejected from this resistance again, it could mark the start of Altseason 2025,” stated CoreCrypto.
