Bitcoin Dominance Tests Key Support, Potential Shift to Altcoins Looms

Bitcoin dominance is currently at 60% and testing a critical support level near the 20-month moving average (MA) at 59%. Market expert Michaël van de Poppe highlights this as a significant indicator for traders. A confirmed break below this level could favor altcoins.

Bitcoin Dominance at a Crucial Point

The 20-month MA has been tested multiple times recently, with dominance briefly falling below 59% in September before recovering.
Historical patterns suggest similarities with late 2019, when breaking the moving average led to an altcoin surge.
This structural test could shift momentum towards smaller coins if Bitcoin dominance breaks down convincingly.

Historical Patterns from 2019

In September 2019, Bitcoin dominance peaked at 73%, followed by a decline to 39% by December 2021, during which many altcoins outperformed.
Analysts see potential for a similar pattern, suggesting an altcoin upswing might occur around 2026.

Key Indicators for Traders

Traders focus on the 20-month MA at 59.29% as a technical trigger.
Volume trends and Bitcoin flows, like ETF activity and exchange balances, are also crucial as they can influence the altcoin market response.