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#ethereum #bitcoin #bitcoin dominance #altcoin #altseason #cryptododo7

Aside from a new all-time high in the Bitcoin market, the last trading week also heralded some altseason shouts as a slight price decline by the premier cryptocurrency coincided with significant price rallies by major altcoins. A popular market analyst with the X username PlanD has weighed in on these recent market developments, highlighting three factors that would confirm the presence of an altseason. Related Reading: Why Bitcoin Price Failed To Break $123,000 In The Past Week — Analyst Explains A BTC.D Retest At 63% May Mark Crucial Altseason Moment – Analyst Over the last week, a bullish rise in the altcoin market cap to $1.45 trillion sparked widespread speculations about the current status of the altseason. Interestingly, in an X post on July 19, PlanD outlines three market events that will signal the altseason’s commencement, namely a potential pullback in both Bitcoin and Ethereum, alongside a critical technical development in Bitcoin dominance (BTC.D). Following Bitcoin’s ascent beyond $121,000 and Ethereum’s price rise above $3,400, PlanD says the first two signals to watch for are healthy corrections in these assets’ prices. Specifically, the analyst explains that pullbacks toward the $111,000 and $3,250 regions for Bitcoin and Ethereum, respectively, present an ideal situation that would allow capital to rotate from Bitcoin into altcoins, effectively causing a decline in BTC.D. Far from indicating weakness, PlanD says this retracement could actually catalyze the rise broader crypto market. Notably, if Ethereum finds support at $3,250, the ETH/BTC pair could strengthen, creating a favorable setup for altcoin rallies. This is because a stronger ETH/BTC pair is often a precursor to altcoin outperformance, as it signals increased investor appetite beyond Bitcoin. The third and perhaps most pivotal signal is unfolding in Bitcoin dominance. After months of holding above a rising support trendline, Plan D notes BTC.D has broken below it, signaling a potential change in market structure. However, the next test lies at the 63.40% dominance level. Should BTC.D retest this zone and fail to reclaim it, the analyst believes a new downtrend in dominance may begin, i.e., presenting the largest hallmark of altseason. In case of this scenario, PlanD also tells investors to expect strong bullish momentum in tokens linked to sectors such as real-world Assets (RWA), artificial Intelligence (AI), and gaming beyond the large and medium-cap tokens on popular blockchains. Related Reading: Tom Lee Predicts $30,000 Per Ethereum As Treasury Frenzy Begins Crypto Market Overview At the time of writing, the total crypto market cap is valued at $3.83 trillion following a 0.20% decline in the past day. More data from CoinMarketCap shows the Fear & Greed index sits at 69, suggesting a healthy level of risk appetite from investors. Importantly, the altseason index ranks at 42, indicating a rising momentum in the market’s favor for altcoins. Featured image from TechCentral, chart from Tradingview

#bitcoin #bitcoin dominance #litecoin #ltc #litecoin news #litecoin price #ltc price #ltc/usd #ltcusdt #ltc news #ltcbtc #cryptowzrd

In a recent post on X, CRYPTOWZRD pointed out that Litecoin ended the day on a bearish note, with LTCBTC giving up its gains in a sharp reversal. He emphasized the need for stronger, more stable price action from the LTCBTC pair before expecting a solid move in Litecoin. For now, his focus remains on the intraday chart, where he’s watching closely for short-term opportunities to scalp quick trades. LTCBTC Spike Fizzles After Bitcoin Dominance Rebounds According to CRYPTOWZRD, Litecoin and its BTC pair (LTCBTC) both ended the day with bearish daily candle closes, signaling potential short-term weakness. Despite showing some upward momentum earlier in the day, the broader market conditions shifted, impacting Litecoin’s price action significantly. Related Reading: Litecoin Fate Tied To Bitcoin – Will $96 Resistance Crack? LTCBTC experienced a brief spike, primarily triggered by a drop in Bitcoin dominance. This short-lived move created a temporary window for bullish momentum in Litecoin. However, the gains were not sustained, and much of the spike was quickly retraced as Bitcoin dominance began to rebound. As Bitcoin regained strength, Litecoin’s price action closely mirrored the movements of BTC and LTCBTC. This correlation led Litecoin to test the $112 resistance level once more, but the rejection at that zone caused it to lose ground and slide back toward the $96 support region. CRYPTOWZRD noted that any significant upside for Litecoin will likely depend on LTCBTC turning bullish again, a move that typically coincides with a drop in Bitcoin dominance. Until that shift occurs, the path higher remains uncertain, and traders may need to remain cautious of potential downside pressure. For now, the expert’s focus is shifting to lower timeframes, where he aims to identify short-term formations for scalping opportunities.  Volatility Expected To Increase Near Key Levels For Litecoin CRYPTOWZRD concluded his analysis by noting that the intraday chart for Litecoin showed a clear bearish structure throughout the day. Price action lacked strength, and any upward movement was quickly met with resistance. This points to ongoing uncertainty in the short term, with sellers still maintaining some control. Related Reading: Litecoin Surges Past Descending Resistance – Bulls Target $97.10 Level Looking ahead, he emphasized that a clean reversal and reclaim of the $102 resistance zone could shift momentum. If Litecoin manages to hold above that level, it may open the door for a push toward the $112 resistance area.  As his final verdict, CRYPTOWZRD warned that if Bitcoin doesn’t provide a strong directional move soon, Litecoin could continue to trade sideways with choppy volatility over the weekend. In the meantime, patience is key — traders should wait for a more mature, high-probability setup before entering new positions. Featured image from iStock, chart from Tradingview.com

#bitcoin #btc price #bitcoin dominance #bitcoin price #btc #altcoins #bitcoin news #altcoin season #altseason #btcusd #btcusdt #btc news #tony severino #btc.d #us dollar index #merlijn the trader

Bitcoin Dominance (BTC.D) has hit a critical turning point after getting sharply rejected from a TSDT resistance level that previously marked the start of a massive altcoin season. As the market reacts to this technical signal, analysts are closely watching for signs that a new altcoin season could be underway—one that could potentially mirror the explosive shift seen in 2021.  Bitcoin Dominance Chart Signals Repeat Of 2021 Altcoin Season A new crypto analysis by market expert Tony Severino, posted on X social media on July 15, reveals that Bitcoin Dominance has once again faced a sharp rejection from the crucial TSDT resistance area near 65%. This level represents a technical ceiling that previously triggered a complete rotation of capital from BTC to alternative cryptocurrencies, fueling the famous altcoin season in early 2021.  Related Reading: Bitcoin Dominance Falls: 9 Factors To Watch For That Says The Altcoin Season Has Begun The analyst’s monthly chart shows Bitcoin Dominance steadily climbing from mid-2022, peaking at around 65% in July 2025 before being rejected. This behavior mirrors the price action observed in late 2020 to early 2021, when BTC.D also reached this zone, got rejected, and then plunged—triggering a full-blown altcoin rally.  Currently, Severino’s chart shows that Bitcoin Dominance sits at approximately 64.07%, just under the TDST resistance at 63.83%, with a notable candle forming after a strong uptrend. The analyst has indicated that if history repeats itself in this current cycle, it may result in a similar capital inflow into altcoins, possibly igniting the next altseason.  Furthermore, the chart outlines key technical thresholds, including the TDST resistance, a TDST risk around 57.11%, and TDST support down at 40.08%. A decline toward these lower levels would indicate a significant drop in BTC dominance and further reinforce a pro-altcoin environment.  Altcoin Supercycle Incoming Crypto analyst Merlijn The Trader has also shared insight on the possibility of an explosive altcoin season this bull cycle. The analyst stated on X that a historical pattern between the US Dollar Index (DXY) and Bitcoin Dominance appears to be repeating, signaling the beginning of a new altcoin supercycle.  Related Reading: Altcoin Season Index Spikes Above 30, But Bitcoin Dominance Remains High, What Next? According to his chart, three major DXY bull traps have been identified since 2016, each followed by a dramatic decline in BTC.D and a strong rally in the altcoin market. The first two DXY bull traps, which occurred around 2017 and 2020, both triggered significant breakdowns in BTC.D—plunging from over 90% to around 35% in 2018, and again in 2021. These breakdowns marked the start of powerful runs, now recognized by the analyst as altcoin supercycles.  The current market structure now suggests that the next leg lower could be imminent, with BTC.D beginning to trend downward again. If history repeats itself, this setup implies a weakening dollar, declining Bitcoin Dominance, and the potential for altcoins to outperform significantly in the coming months. Featured image from Pixabay, chart from Tradingview.com

#bitcoin #btc price #bitcoin dominance #bitcoin price #btc #altcoin #altcoins #alt season #bitcoin news #altcoin season #btcusd #btcusdt #btc news #altcoin news #altcoins news #altcoin season news #btc dominance #dominance

The altcoin season has remained elusive because Bitcoin has continued to dominate the market. Even now, the largest cryptocurrency by market cap is still in the lead and continues to determine the direction of the rest of the crypto market. However, there is a turn in the tide coming as more altcoins begin to play catch-up. In particular, the coins in the list of Top 100 altcoins by market cap look to be on the verge of ushering in the next altcoin season. Altcoin Season Index Fires Into The Green The Altcoin Season Index is an index that charts the performance of the Top 100 altcoins by market cap against the performance of Bitcoin to determine when the altcoin season is in full bloom. This index, which goes from 1-100, is ranked by how many top 100 altcoins are outperforming BTC over a 90-day period, and when this figure rises to the 75% mark, it often signals that the altcoin season has begun. Related Reading: Bitcoin Is Not Stopping At $123,000 — Technical Indicators Point To $140,000 Top Over the last few months, altcoins have performed quite terribly in comparison to Bitcoin, and this has led to the Altcoin Season Index dropping toward peak lows. The index hit a score of 12 back in June 2025, showing that only 12 altcoins had outperformed Bitcoin over the 90-day timeframe. During this time, the Bitcoin dominance also rose rapidly, reaching as high as 66%, and signaling that most of the attention was on BTC during this time. However, the month of July has come with good tidings for the altcoin market as the index has seen its score more than double from its June lows. According to data from CoinMarketCap, the Altcoin Season Index has now crossed a score of 30. It also shows that during this time, 32 coins have outperformed Bitcoin’s 40% increase in the last three months. Interestingly, the meme coins are once again leading the rally with the likes of PENGU and MemeCore rallying over 500% in the 90-day period. HyperLiquid’s HYPE has also performed quite well, with CoinMarketCap data showing it has risen more than 230% in 90 days. Bitcoin Dominance On The Verge Of Collapse? So far, the Bitcoin dominance has maintained its position in the 60th percentile, and this has remained so for the last 90 days. However, over the last two weeks, there has been enough decline in the dominance to spark a ray of hope among investors, and that is a 3% drop toward 63%. Related Reading: Prepare For ATHs: ‘XRP Train Has Left The Station – Analyst Going by historical performance, though, the Bitcoin dominance would need to drop much more than this for altcoin season to begin in full bloom. For example, back in 2017, the Bitcoin dominance crashed from above 95% to around 50% before the altcoin season began. Again, in 2017, the dominance fell from above 70% to around 41% before the altcoin season began. Going by this trend, the Bitcoin dominance would need to see a drop back into the 40% region, and possibly the 30% region, for the altcoin season to really take hold. But as long as the dominance remains high, then Bitcoin would continue to lead the market, and altcoins could continue to struggle. Featured image from Getty Images, chart from TradingView.com

#bitcoin #bitcoin dominance #btc #bitcoin analysis #bitcoin news #btcusdt #bitcoin ath #bitcoin breakout

Bitcoin has officially entered a new chapter in its bull market, surging to fresh all-time highs near $118,800 after weeks of tight consolidation. This decisive breakout marks a pivotal shift in momentum, with analysts pointing to a potential explosive leg higher as bullish sentiment returns. The move above previous highs has not only reignited interest in BTC but also fueled optimism across the broader crypto market. Related Reading: Ethereum Targets Liquidity Above $3,000 – Price Magnet Forming One of the most telling indicators of the current cycle’s strength is Bitcoin Dominance. According to top analyst On-Chain Mind, BTC dominance has climbed to 65% since the beginning of this bull market. This sharp increase highlights a clear preference among investors for Bitcoin over altcoins, solidifying its position as the market’s anchor in times of volatility and growth. As Bitcoin leads the charge, market watchers believe the breakout could trigger a wave of institutional inflows and renewed attention from sidelined retail investors. With momentum building and confidence growing, the breakout above $118K may just be the start of an even larger move, one that could define the next phase of the 2025 crypto bull cycle. Bitcoin Leads The Charge After weeks of sideways consolidation below the $110,000 mark, Bitcoin has finally broken out, launching a new bullish phase and pushing the broader crypto market into motion. Altcoins, which had lagged in recent months, are now climbing above key resistance levels as confidence spreads. This coordinated move comes amid a backdrop of macroeconomic shifts, with market participants increasingly anticipating a weakening US dollar and the return of inflationary policies under US President Donald Trump’s administration. With expectations of rate cuts looming and pressure mounting on the Federal Reserve, the market sees crypto—especially Bitcoin—as a natural hedge. However, caution still lingers. US Treasury yields remain elevated, continuing to flash warnings of systemic stress in the traditional financial system. That tension has only strengthened Bitcoin’s appeal as a non-sovereign, hard-capped monetary asset. Bitcoin dominance tells the story clearly. “At the start of this bull market, it sat at 40%. Today? 65%,” noted On-Chain Mind, emphasizing how investor preference has overwhelmingly leaned toward BTC. This dominance reflects a trend that has barely flinched, even as Ethereum and other altcoins attempt to catch up. As BTC leads the market higher, its dominance reinforces its role as the primary beneficiary of macro uncertainty. While the altcoin space is beginning to show signs of life, it’s clear that Bitcoin remains the anchor, and investors aren’t ready to rotate just yet. Related Reading: Bitcoin MVRV Oscillator Predicts First Sell Pressure Level At $130,900 – Details 4‑Hour Chart: Post‑Breakout Cooling Bitcoin’s 4-hour chart shows a clean breakout followed by consolidation, a typical sign of strength after an impulsive move. Price surged from the long-standing resistance at $109,300 to a local high of $118,000 in less than twelve hours, marking an 8% rally. This breakout flipped prior resistance into support and triggered strong volume, validating the move. Volume has decreased during this period, which is characteristic of a bullish consolidation rather than distribution. The 50-period moving average (blue) has crossed above the 100-period (green), forming a short-term golden cross near $109K. This crossover supports a bullish outlook, with the 200-period moving average (red) trending upward from $105K, reinforcing the structure of higher lows. Related Reading: Altcoins Jump Off Critical Support Level – Relief Or Reversal? As long as Bitcoin remains above $112K, bulls are firmly in control. A drop below $109K would invalidate the breakout and raise short-term risks. However, if price can break above $118K with conviction, it could open the door to a run toward the $120K psychological level. Featured image from Dall-E, chart from TradingView

#ethereum #bitcoin dominance #ethereum price #eth #bitmex #arthur hayes #altcoin #eth price #altcoin season #coinmarketcap #rekt capital #ethusd #ethusdt #ethereum news #eth news #m&a #moving average #doctor profit #ema50

The Ethereum price is once again gaining momentum and looks set to reach new highs. Crypto analyst Doctor Profit commented on how the altcoin has broken through a crucial moving average (MA). Meanwhile, ETH’s dominance is again on the rise.  Ethereum Price Breaks 50EMA On Weekly Chart In an X post, Doctor Profit stated that after 9 weeks of constant rejection at the EMA50 on the weekly chart, the Ethereum price has finally broken through. He claimed that it was a very good sign, as it suggests that ETH will reach higher targets in the coming weeks. The break above the 2,600 EMA50 level came as the broader crypto market rallied.  Related Reading: Ethereum Is Already Outperforming Bitcoin In July, Is Altcoin Season Here? This rally has been led by the Bitcoin price, which has reached new all-time highs (ATHs). Based on this, the Ethereum price is expected to also reach new highs, with the yearly high of $3,600 already in sight. A reclaim of this level could also pave the way for ETH to reclaim the psychological $4,000 level.  Meanwhile, crypto analyst Rekt Capital alluded to the rising dominance of the Ethereum price. He noted that this ETH dominance fractal will not be a copy-paste version of what happened between 2019 and 2020. However, the analyst claimed that the recent rise to 10% of the dominance level shows that Ethereum wants to become more market-dominant in the coming months.  BitMEX co-founder Arthur Hayes also believes that it is time for the Ethereum price to make its move. In an X post, he predicted that the altcoin could reach as high as $10,000 on this upward trend. He made this prediction while highlighting ETH’s chart against its BTC pair, suggesting that he also agrees that Ethereum’s dominance will rise in the coming months.  ETH’s Move To Trigger Altcoin Season In an X post, crypto analyst Mikybull Crypto stated that the Ethereum price is following the Wyckoff re-accumulation schematic. He further remarked that this massive move will trigger altcoin season after ETH reaches the “SOS” level around $3,000. His accompanying chart also showed that he expects Ethereum to reach as high as $3,200 in the short term.  Related Reading: Ethereum Price Targets $3,000 As Analyst Calls It A ‘Powder Keg’ In another X post, Mikybull Crypto alluded to the fact that Bitcoin’s dominance was dumping even as the BTC price rises. The analyst remarked that this development means something, hinting at a potential altcoin season on the horizon. This is bullish for the Ethereum price and other altcoins as they would outperform BTC during this period. It is worth mentioning that Mikybull Crypto has also predicted that ETH can reach $10,000 in this market cycle. At the time of writing, the Ethereum price is trading at around $2,988, up over 7% according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

#ethereum #bitcoin #btc price #bitcoin dominance #solana #bitcoin price #btc #dogecoin #altcoin #altcoins #bitcoin news #altcoin season #eth/btc #rsi #btcusd #btcusdt #btc news #macd #altcoin news #altcoins news #fibonacci retracement #spot solana etfs #xrp btc #spot xrp etfs

Bitcoin’s price is holding firm despite growing chatter about the end of its market dominance. However, analysts are turning their attention not to Bitcoin’s price but to its waning market share as signs that altcoins may finally be ready to take center stage in what could become a full-blown altcoin season. A post on X has highlighted a specific breakdown structure in BTC dominance, which is linked to nine factors indicating that the altcoin season has begun. Technical Factors Showing Fall Of Bitcoin Dominance According to the analyst, Bitcoin dominance reached a peak of exactly 66% on June 27, 2025, a date he calls significant for its esoteric code 434 and its occurrence on a new moon. From a technical perspective, the 66% mark coincided precisely with the 0.786 Fibonacci retracement level, a region many traders consider a reversal zone. More importantly, several warning signals are flashing for Bitcoin traders. Related Reading: Altcoin Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert Says  The analyst’s post on the social media platform X features a few price charts to emphasize how the Bitcoin dominance might be fading, alongside nine factors. From a purely technical lens, the dominance chart looks increasingly exhausted. The first factor is the most recent highest monthly RSI in the history of the Bitcoin dominance chart. This event has created an overbought condition, and the next outlook is a possible crash of the RSI. The MACD, in fact, has already crossed into bearish territory. Furthermore, the histogram has turned negative, and the faster line has moved below the slower one, which is a classic signal of an impending downtrend. Another interesting factor is that Bitcoin dominance has now broken a key diagonal support line that held firm through much of 2024 and 2025, which is another possible structural breakdown.  Fundamental Factors Show Strong Rotation Into Altcoin Pairs While the technical picture is deteriorating, the fundamentals are also stacking in favor of altcoins very quickly. The first fundamental factor is the importance of upcoming altcoin spot ETFs, which have the possibility to redirect institutional flows from Bitcoin into Ethereum, XRP, and others.  Related Reading: Time To Forget Altcoin Season? Bitcoin Dominance At This Level Is This Only Hope ETFs such as the Spot XRP, Dogecoin, and Solana ETFs could rapidly increase inflows into the rest of the crypto market, similar to how Spot Bitcoin ETFs caused massive inflows into Bitcoin. The analyst also highlighted the likelihood of upcoming U.S. Federal Reserve rate cuts, which would tilt market conditions in favor of altcoins over Bitcoin. Momentum has also begun to shift in some trading pairs, particularly XRP/BTC and ETH/BTC, both of which are showing reversal signs from critical levels. The XRP/BTC chart displays repeated failed attempts to break above 0.0000215 BTC, a horizontal resistance that has now been tested five times on the daily candlestick timeframe chart. At the time of writing, the XRP/BTC pair has returned to this level yet again, and based on this pattern, any clean breakout here could confirm a decisive rotation into XRP.  Likewise, Ethereum has begun to recover from long-term oversold conditions when measured against Bitcoin. The rounded bottom pattern forming on the ETH/BTC weekly chart shows a reversal from undervaluation, which in past cycles has caused substantial gains for Ethereum relative to BTC. Featured image from Pixabay, chart from Tradingview.com

#bitcoin #btc price #bitcoin dominance #bitcoin price #btc #altcoin #bitcoin news #altcoin season #btcusd #btcusdt #btc news #altcoin news #altcoin season news

The wait for altcoin season continues as the crypto market is still showing signs of bearish movement. Expectations are high that the altcoin market will begin to rally soon, but not everyone is optimistic that the altcoin season is coming. One of those is market analyst and expert Stockmoney Lizards, who has said that it is not happening soon. Altcoin Season Is Not Happening Soon In an X (formerly Twitter) post, Stockmoney Lizards informed their over 160,000 followers that the altcoin season could not be happening anytime soon. The analyst said that it is “not even remotely close”, pointing to the rising Bitcoin dominance as the reason why the altcoin season is still far off. Related Reading: Analyst Says Cycle Is Not Finished Amid 2 Years Of Bitcoin Sideways Movement Analyzing the chart, the market expert explains that despite the Bitcoin dominance having fallen by around 2%, it still doesn’t mean much. This is because the dominance is still very strong and continues to trade inside the channel. This channel also charts a possible increase in the Bitcoin dominance from here, which would be detrimental for altcoins. So far, the Bitcoin dominance has also managed to hold above 65%. While this is not the highest it has ever been, it is still incredibly high, with previous altcoin seasons not happening until the dominance had fallen toward 40%. The analyst doesn’t entirely rule out the possibility of an altcoin season, saying it will still come. However, for now, Bitcoin continues to dominate, as he explains that “BTC is the measure of all things.” Altcoin Dominance Reaches 2021 Levels As the Bitcoin dominance has risen and the altcoin dominance has fallen, they have gone toward levels not seen in years. For example, the last time the Bitcoin dominance was above 65% was back in 2021 before it crashed to usher in the altcoin season, according to data from CoinMarketCap. Related Reading: AI Founder Puts XRP Price As High As $20-$30 Even worse is the Ethereum dominance, which has dropped to 5-year lows. Sitting at only 8%, it is now at levels recorded back in 2020 before the market rebounded from the COVID-19 crash. This has greatly diminished Ethereum’s ability to pull the altcoin market up with it. In the same vein, the altcoin dominance, excluding Ethereum, has now dropped to 26%. The last time that the OTHERS dominance was this low was in 2021. However, this was right around when the altcoin season was starting, suggesting that the current market could be at the cusp of another altcoin run. Nevertheless, for there to be any sustainable altcoin season, the Bitcoin dominance must first crash. Going by what happened back in 2017 and 2021, at least a 40% crash in the Bitcoin dominance is required to usher in the altcoin season. Featured image from Getty Images, chart from TradingView.com

#bitcoin #btc price #bitcoin dominance #bitcoin price #btc #altcoin #bitcoin news #altcoin season #btcusd #btcusdt #btc news #altcoin news #altcoin season news #btc dominance

The Bitcoin dominance remaining on the high side has been one of the major hindrances for the altcoin season. Going by past performances, the Bitcoin dominance would have to crash for altcoins to have a chance to rally, but with the dominance still climbing, the chances of an altcoin season remain slim. As this trend continues, a crypto analyst has predicted a possible turn in the tide for the Bitcoin dominance, predicting a crash that could give altcoins a chance. Bitcoin Dominance Rejection From Trendline Is Key Over the years, the Bitcoin dominance has been following a trendline that has often marked the point of resistance. This trendline rises from 2017 and has sloped down past 2021 and now into the year 2025. The significance behind this is the breakdown from the trendline and the Bitcoin dominance receding sharply from here. Related Reading: Pundit Warns Bitcoin Is Setting Up Liquidity Traps As It Campaigns For New ATHs Presently, the Bitcoin dominance is still sitting high above 65% at the time of this writing, but this recent rise has seen it touch the resistance trendline. According to crypto analyst CoreCrypto, this is a critical inflection point, especially on the weekly chart. More importantly, this is usually the point where dominance recedes, giving rise to altcoin dominance. Some major developments that the analyst tells investors to watch on the dominance chart include a rejection from the resistance trendline, where the dominance currently lies above 65%. There is also support for the dominance, as shown by the yellow line in the chart below. A break below this support is critical for the fall in the dominance. Another development to watch out for is for rising Ethereum strength. In the past, the Ethereum price starting to outperform the Bitcoin price has often signaled the start of the altcoin season. So, as the ETHBTC chart begins to strengthen and Bitcoin succumbs to sideways movement, it opens the door for altcoins to rally into the next altcoin season. Related Reading: Bitcoin Price At $145,000 In September? Bullish Dojis Suggest Upward Move In the event of a break from the resistance trendline, the analyst sees the possibility of a sharp decline. CoreCrypto predicts a 36.91% drop to the 42%-45% levels. This is lower compared to previous altcoin seasons, but follows the declining trend of a 50.79% drop in 2017 compared to a 45.10% drop in 2021. “If BTC.D gets rejected from this resistance again, it could mark the start of the long-awaited Altseason 2025,” the crypto analyst explained. “A breakdown from this wedge would likely result in capital rotation from BTC into altcoins — just like in previous cycles.” Featured image from Dall.E, chart from TradingView.com

#bitcoin #btc price #bitcoin dominance #bitcoin price #btc #bitcoin news #altcoin season #rsi #btcusd #btcusdt #btc news #relative strength index #elliott wave theory #btc.d #fibonacci extension

A crypto analyst has forecasted a powerful Wave 3 Bitcoin price rally that could take it toward new all-time highs between $160,000 and $200,000. Notably, this surge is expected to come with rising Bitcoin Dominance (BTC.D) and a delayed altcoin season, particularly if BTC can make a clean break above the $108,500 resistance level.  Bitcoin Price Breakout To Spark Next Bull Run The Bitcoin price is currently hovering below a critical resistance level at $108,500, and according to a crypto analyst known as ‘BigMike7335’ on the X social media platform, a clean breakout and flip of this level into support could ignite an explosive Wave 3 bull run. Based on Elliott Wave Theory and Fibonacci Extension analysis, a successful move above this threshold could open the door to a bullish price surge with potential targets set in the $160,000 to $200,000 range. Related Reading: Bitcoin Flashes Double Top Above $106,000: FVG Says A Large Crash Is Coming The analyst’s chart shows that Bitcoin has already completed its Wave 1 of a five-wave impulse move, followed by an ABC corrective Wave 2. The market is also currently consolidating, and Bitcoin’s bullish momentum appears to be rebuilding. These positive developments are supported by a rising Stochastic Relative Strength Index (RSI) from the oversold region and a neutral-to-bullish RSI, both of which point toward upward price action. Notably, the 0.618 and 1.0 Fibonacci Extensions around $117,795 and $137,421, respectively, are highlighted as interim resistance zones where price momentum could temporarily slow before continuing upward. A clean breakout above $108,500 could also place Bitcoin above a heavy volume node visible in the volume profile within the chart, suggesting less overhead resistance and a stronger potential for a price rally.  Furthermore, the analysis implies that during this powerful Wave 3 phase, Bitcoin Dominance will likely climb toward 70%. This increase in BTC.D would mean capital is concentrating in the leading cryptocurrency, which historically results in altcoins underperforming. As a result, the expected altcoin season for this cycle may be postponed, following the completion or cooling of Wave 3.  Analyst Predicts $375,000 Bitcoin Bull Run Peak Crypto analyst TechDave has just sounded the alarm on what he calls the Bitcoin “launch signal”, a rare trigger that has only appeared four times in history and each time marked the start of major bull market rallies. This signal previously appeared in October 2012, July 2016, and July 2020—all preceding major upward moves that ended in new cycle peaks.  Related Reading: Fading Spot Volumes And Muted Futures Sentiment Threaten To Send Bitcoin Below $99,000 Again Currently, the same signal is emerging this July, aligning with the previous cycle structures and reinforcing the expectation of a breakout phase. Notably, the formation has led to exponential gains, with each bull market run typically peaking months later. Following this historical pattern, TechDave now predicts a fresh cycle top for Bitcoin at $375,000. Featured image from Getty Images, chart from Tradingview.com

#bitcoin #bitcoin dominance #bitcoin price #btc #bitcoin analysis #bitcoin news #btcusdt #bitcoin ath #altseason indicator

Bitcoin briefly pushed into the $108,800 level a few hours ago but was once again unable to reclaim higher prices, reinforcing the key resistance just below its all-time high. This rejection has left the market in a state of caution, with investors expecting increased volatility in the coming sessions. As BTC continues to hover below the $109,300 mark, traders are watching closely for signs of either a confirmed breakout or a potential pullback. Related Reading: Bitcoin Struggles Below ATH After Weeks Of Failed Attempts – $109K Level In Focus Adding a new layer to the current setup, top analyst Ted Pillows shared a notable development in Bitcoin dominance. According to Pillows, the Bitcoin Dominance chart is now showing a daily bearish divergence—a classic signal that often precedes a shift in momentum from Bitcoin to altcoins. This divergence occurs when BTC dominance trends higher while momentum indicators begin to weaken, suggesting that Bitcoin’s relative strength may be peaking. For altcoin investors, this could be an early signal of a shift. Historically, bearish divergences in dominance have lead to strong altcoin rallies, as capital begins flowing from BTC into higher-beta assets. While Bitcoin consolidates near resistance, attention may soon shift toward altcoins, setting the stage for a possible altseason. Bitcoin Consolidates As Charts Signal Altcoin Rotation Following the resolution of global tensions between the US, Israel, and Iran, Bitcoin surged above the $105,000 level, signaling renewed confidence across global risk markets. The move marked a key recovery from previous uncertainty, with BTC taking back critical support and shifting focus back toward the $110,000 resistance zone. However, despite the initial breakout, Bitcoin has struggled to push into uncharted territory. Price action remains choppy and directionless, with the market hesitating ahead of what many believe could be a decisive move. Analysts continue to call for a breakout, citing strong accumulation trends, improving macroeconomic conditions, and a bullish long-term structure. Yet the inability to break above the $109,300–$110,000 range raises concerns about weakening momentum. The longer Bitcoin remains capped below resistance, the more likely it is that capital may begin to rotate into other parts of the market. Top analyst Ted Pillows recently shared key insights supporting that thesis. According to Pillows, Bitcoin dominance is showing a daily bearish divergence—a classic sign of impending trend reversal. As BTC dominance climbs but momentum weakens, it suggests that Bitcoin’s recent strength may be fading, and a shift toward altcoins could be underway. Historically, bearish divergences in BTC dominance have often preceded sharp corrections in Bitcoin and explosive rallies across the altcoin market. As Bitcoin consolidates and its dominance loses strength, conditions may be forming for the next big altseason. While nothing is guaranteed, the combination of geopolitical relief, market indecision, and technical signals suggests that a sharp rotation could be close. Traders are now watching both BTC price and dominance levels closely, knowing that once momentum shifts, the move could be swift and powerful. Related Reading: Ethereum Sees $269M In Net Inflows In 24H – Bullish Momentum Accelerates ETH/BTC Chart Shows Signs Of Reversal The ETH/BTC weekly chart reveals a prolonged downtrend that has persisted since late 2022, with Ethereum consistently underperforming against Bitcoin. Since peaking above 0.085 BTC in late 2022, the pair has steadily declined, now trading around 0.0228 BTC—a level not seen since 2020. This confirms that Bitcoin has been the clear market leader for nearly two years, adding most of the capital inflow during bullish phases while altcoins, including Ethereum, lagged behind. However, current price action shows early signs that this trend may be nearing its end. ETH/BTC appears to have found a local bottom, just above the 0.02 BTC zone, after a steep drop. Although the pair remains well below the 50 (weekly), 100, and 200 moving averages, the selling momentum has clearly slowed, and volume has begun to stabilize. Related Reading: Ethereum Holds Critical Long-Term Channel – Next Move Could Be Parabolic This phase suggests that a swing could be forming. If Ethereum can reclaim higher support levels and Bitcoin dominance continues to show bearish divergence—as noted in recent market analyses—the ETH/BTC ratio could start trending higher once again. A rotation from Bitcoin into Ethereum and other altcoins may soon follow, potentially marking the beginning of a new phase in the crypto cycle where altcoins start to outperform. Featured image from Dall-E, chart from TradingView

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The Bitcoin Dominance (BTC.D) continues to exert pressure on the broader crypto market, casting a shadow on the prospects of an incoming altcoin season. Despite recent volatility and decline in the market, a crypto analyst observes that Bitcoin Dominance remains firmly elevated, signaling that capital is still concentrated in the leading cryptocurrency. This trend, they argue, is preventing any meaningful breakout for altcoins and could persist unless a decisive shift in market structure occurs.  Altcoin Season Stifled As Bitcoin Dominance Surges The Bitcoin Dominance in the cryptocurrency market is tightening its grip, crushing hopes of an imminent altcoin season. According to a recent technical analysis posted on X (formerly Twitter) by market expert Tony Severino, Bitcoin’s market cap dominance has reached 65.72% with both monthly and Relative Strength Index (RSI) readings pushing above the critical 70 level.  Related Reading: Bitcoin Dominance Hits New Cycle High Above 66% – How This 4-Year ATH Affects Altcoin Season At the time of the analysis, the RSI on the monthly timeline stood at 73.19, while the weekly registered at 70.58—both firmly in overbought territory. These levels typically reflect strong momentum and extended bullish conditions, indicating that Bitcoin’s command over the crypto market is still strong and growing.  Severino shared a dual chart view of Bitcoin Dominance and RSI across the weekly and monthly time frames, highlighting candlestick structures that support Bitcoin’s ongoing upward momentum. BTC.D has been climbing since late 2023. The RSI values also remain comfortably above their respective Moving Average (MA) baselines of 67.31 and 65.42, indicating sustained strength rather than signs of immediate exhaustion.  As long as Bitcoin Dominance holds these elevated RSI levels across their major time frames, Severino suggests that altcoins will likely continue to underperform, further delaying the long-awaited altcoin season. The analyst emphasizes that meaningful upside for altcoins will not begin until BTC.D starts to wane and RSI readings fall below 70—effectively signaling a shift in sentiment and market strength that could allow capital to rotate to alternative cryptocurrencies.  Until such a pullback occurs, the analyst argues that the weekly and monthly BTC.D and RSI charts strongly indicate that any expectations of an altcoin season this cycle remain premature.  Dragonfly Doji Forms On BTC.D Chart In another X post, Severino announced that the Bitcoin Dominance has potentially formed a Dragonfly Doji on the weekly chart. With four days left in the weekly session, the analyst notes that the distinct candle pattern is still developing but presently resembles the classic Dragonfly Doji, characterized by a long lower wick and a close near the opening price.  Related Reading: Rising Bitcoin Dominance Above 64% Dashes Hopes Of Altcoin Season, Here’s Why Typically, this chart pattern is viewed as a bullish reversal signal when it appears at the bottom of a downtrend, indicating possible upside momentum. However, in this case, it has emerged during a broader uptrend in BTC.D, creating a more complicated technical picture. Severino believes that the Dragonfly Doji could either represent a continuation of the current momentum or a temporary pause in market direction. If the candle evolves into a larger bullish body and closes above the 65.65% level, it may confirm further strengthening of Bitcoin’s growing market dominance relative to altcoins.  Featured image from Pixabay, chart from Tradingview.com

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The Bitcoin dominance has hit a new cycle high, providing a bearish outlook for altcoins and any potential altcoin season. Crypto analyst Finsends has commented on this development and how it could affect the altcoin season moving forward.  What’s Next As Bitcoin Dominance Hits New High? In an X post, Finsends stated that the Bitcoin dominance has made a new high and that it feels like it can never go down again. However, he opined that there should be a bigger correction starting somewhere around the current levels. The analyst added that the potential target area for a top in this scenario goes up to 68.56%. Related Reading: Rising Bitcoin Dominance Above 64% Dashes Hopes Of Altcoin Season, Here’s Why His accompanying chart showed that the Bitcoin dominance could hit this projected top of 68.56% in July, after which a decline would begin. Based on the chart, the BTC.D could drop to as low as 48% on this decline, paving the way for a potential altcoin season. If so, then altcoins could witness significant gains in the second half of the year and outperform BTC in the process.  In an X post, crypto analyst Michaël van de Poppe also commented on the rising Bitcoin dominance and a potential altcoin season. He noted that the altcoin season indicator has hit its lowest number in two years. The analyst added that the lows of this indicator over the last six years were in June or July.   Based on this, he remarked that there seems to be a pattern since the indicator has hit a low again this June. Michaël van de Poppe didn’t predict when exactly altcoin season could begin or if the Bitcoin dominance would top anytime soon. However, before now, he had expressed confidence that the alt season would still happen. The analyst noted that the last cycle was also called a Bitcoin cycle until altcoins started to run and heavily outperformed.  What Needs To Happen For Altcoins To Take Off In another X post, Michaël van de Poppe stated that altcoins are in need of an upward push from Ethereum, and that this needs to happen through a push of Bitcoin. He further remarked that once the BTC price bottoms out, that is a very likely moment for Ethereum to continue outperforming the flagship crypto, with the Bitcoin dominance declining.  Related Reading: Analyst Calls Start Of Altcoin Season Amid Deviation Of Cyclical Lows – Details The analyst believes that altcoins would start “shining” when the next leg upwards for Ethereum takes place, possibly ushering in altcoin season. He declared that once altcoins start to shine, market participants can expect them to heavily outperform the markets. However, for now, Michaël van de Poppe believes investors need to have some more patience.  At the time of writing, the Bitcoin price is trading at around $101,700, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

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According to an analyst on X, Bitcoin’s grip on the market looks too strong for altcoins to break free any time soon. Bitcoin’s price ticked up to around $104,000 after climbing 0.4%. It had dipped briefly to $103,000 but buyers stepped in fast. Related Reading: Crypto Gets A Green Light From Spanish Banking Giant That push drove it back toward the $105K mark. At the same time, the US Federal Reserve held interest rates steady, keeping traders on alert for any ripple effects. Bull Market Support Band Explained Based on reports, the Bull Market Support Band sits between two key moving averages. One is a 20‑week simple moving average. The other is a 21‑week exponential moving average. Together they form a zone that Bitcoin Dominance has used as a springboard all year. When dominance tests that area, it usually bounces higher instead of dropping further. $BTC.D – As long as the Bitcoin Dominance continues to hold its Bull Market Support Band, there will be no altseason. pic.twitter.com/XCYDyuDxP2 — Luca (@CrypticTrades_) June 19, 2025 Historical Support Tests Bitcoin Dominance fell from about 56% in June 2024 to 54% in July of that year but found support. It also slipped from 58% down to 56% between late December 2024 and January 2025. Each time, the support band held firm. More recently, dominance dipped to 61% on May 14 after peaking at 65% on May 7, only to recover to 64% in a matter of days. $BTC.D – As long as the Bitcoin Dominance continues to hold its Bull Market Support Band, there are no risks of this being a distribution range for $BTC. ✅ pic.twitter.com/GS8r9jNIpB — Luca (@CrypticTrades_) June 19, 2025 Analyst Warnings And Scenarios Other experts see a different picture. Bitcoinsensus warns dominance could “fall off a cliff” before any altcoin season kicks off. That view suggests a sudden drop, maybe giving altcoins their moment. An analyst points to a possible double‑top pattern in dominance. If Bitcoin can’t clear resistance, money might flow into altcoins. But if dominance breaks higher, some believe Bitcoin could aim for a fresh record. Limitations Of Dominance Metric Dominance only measures Bitcoin’s share of total crypto market cap. It can slip if stablecoins flood in or if new tokens launch, even when altcoins aren’t rallying. And a rise in dominance can mean altcoins are selling off. Related Reading: Iran’s Top Crypto Hub Loses $82 Million To Hackers With Israeli Links—Details Traders should know that moving‑average support lines can fail in choppy markets. A pattern that works for months can break when the climate changes. In the end, the Bull Market Support Band offers a clear trend line. It shows that Bitcoin is still the favorite for many investors. Yet relying on one technical tool can miss bigger moves driven by real‑world news or fresh blockchain data. For now, though, Bitcoin’s dominance looks safe—unless something big shifts in the weeks ahead. Featured image from Imagen, chart from TradingView

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Crypto analyst Daan Crypto has provided an analysis of the rising Bitcoin dominance, explaining why this will likely continue to surge. Based on his analysis, the altcoin season is unlikely to come anytime soon, with many alts suffering significant selling pressure while BTC accumulation increases.  Bitcoin Dominance Surge Dashes Hopes Of Altcoin Season In an X post, Daan Crypto stated that the Bitcoin Dominance shows no signs of stopping following the latest surge above 64%. He indicated that the dominance will only continue to rise as more treasury companies try to accumulate Bitcoin. Meanwhile, on the other hand, hopes of an altcoin season fade away as many altcoins are plagued with big unlocks and downtrending momentum.  Related Reading: Positioning For Altcoin Season: Analyst Reveals When To Buy As Bitcoin Dominance Rises Daan Crypto also alluded to how there was a short squeeze last month on Ethereum, which took a lot of coins with it. However, this momentum quickly faded afterwards, again dashing hopes of an altcoin season. The analyst explained that there wasn’t sufficient spot bid to bid most of these coins up further.  Meanwhile, he cautioned market participants to pick their altcoin investments wisely. Daan Crypto remarked that most of them will underperform BTC over a larger timeframe. His warning suggests that the Bitcoin dominance will continue to trend upwards while an altcoin season may not happen anytime soon.  Basically, there is a lack of interest and capital in these altcoins to spark an altcoin season, which could see them outperform BTC. Meanwhile, the Bitcoin dominance is surging thanks to massive adoption from institutional investors. These companies are looking to adopt Strategy’s playbook or gain exposure through the Bitcoin ETFs.  BlockchainCenter data shows that it is still Bitcoin season and nowhere near altcoin season. For it to be altcoin season, 75% of the top 50 coins need to have outperformed BTC over the last 90 days. Only ten altcoins have outperformed the flagship crypto during this period.  Altseason Is Still Coming, But Slowly In an X post, crypto analyst Astronomer assured that the altcoin season is still coming, although it could take a while. He noted that the price remains the same for these altcoins, but declared that nothing has changed. The analyst remarked that this lines up with the overall plan of the Bitcoin price ranging till the end of June and altcoins remaining in their local ranges.  Related Reading: The Return Of Altcoin Season: Why Bitcoin Dominance Must Fall To 62% Astronomer also indicated that BTC needs to break out while the Bitcoin dominance remains below 65% for all parts of the plan for an altcoin season to be completed. The analyst urged market participants to be patient, expressing his confidence that an altcoin season would still occur. At the time of writing, the Bitcoin price is trading at around $107,300, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

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Bitcoin’s new all-time high is both a milestone and potential signal: the next phase may belong to the broader crypto asset universe.

#bitcoin #bitcoin dominance #altcoin #altcoins #altcoin season #rsi #relative strength index #altcoin news #altcoins news #stockmoney lizards #btc.d

As Bitcoin Dominance (BTC.D) rises in the crypto market, analysts are closely watching for signs of the long-awaited altcoin season. In a recent analysis, a crypto market expert shared key insights on the best time to buy altcoins, offering strategic guidance for traders looking to position themselves ahead of the next potential market rally.  When To Position For The Altcoin Season As the Bitcoin price continues its upward trajectory, the speculation about an impending altcoin season remains a recurring theme across crypto communities. However, a Bitcoin Dominance chart shared by ‘Stockmoney Lizards,’ a pseudonymous crypto analyst on X (formerly Twitter), challenges the narrative that an altcoin season is imminent.  Related Reading: The Return Of Altcoin Season: Why Bitcoin Dominance Must Fall To 62% Drawing on personal experience and market cycles, Stockmoney Lizards explains that the repeated cries of “altcoin season is here” are often premature and misleading. The analyst revealed that the true altcoin season, the period where even the lowest-quality coins tend to skyrocket, is often the final phase of the crypto bull run. It begins when Bitcoin Dominance breaks below the 60% support level, signaling a market-wide shift into altcoins.  Notably, the analyst has shed light on how and when to position ahead of the altcoin season. Instead of buying altcoins based on hype or assumptions of immediate gains, Stockmoney Lizards suggests a more disciplined strategy: accumulate only at extreme oversold levels. This is typically when the Relative Strength Index (RSI) on the 4-hour or daily time frame drops below 25-30, reflecting capitulation.  According to the market expert, these moments offer the best entry points for short-term rebounds, where altcoins deliver explosive moves of about 50% to 200%. The analyst further highlights that the primary objective is to take profits and rotate them back into Bitcoin. This approach not only maximizes gains but also minimizes exposure to prolonged drawdowns that usually follow the euphoric phase of the market cycle.  Bitcoin Dominance Influence On AltSeason According to Stockmoney Lizards, the current behaviour of BTC.D, trading firmly between a well-defined channel, indicates that the market is still in the early to mid-phase of a bull run. Typically, this phase is dominated by Bitcoin, not altcoins, and history shows that institutional capital prefers to build positions in the flagship cryptocurrency before moving to riskier lower-cap assets.  Related Reading: Bitcoin Price At $200,000 And Ethereum At $10,000? Analyst Says Altcoin Season Is Coming Notably, Bitcoin’s rising dominance in the market is not seen by the analyst as a bearish signal for altcoins in the long term. Instead, it is perceived as a healthy sign of a maturing bull market. He disclosed that the real altcoin season doesn’t begin until BTC.D decisively breaks down from its channel and drops to historical lows.  Until then, Bitcoin’s strength reflects institutional accumulation and market confidence. Stockmoney Lizards reveals that retail investors often misinterpret this as a signal to chase altcoins, only to be caught holding bags as BTC continues to outperform. The analyst concludes that the altcoin season breakout will eventually come, but only those who position smartly by letting Bitcoin lead and waiting for alts to reach oversold extremes will be best prepared to capitalize on the market rally.    Featured image from iStock, chart from Tradingview.com

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CRYPTOWZRD noted in a recent update on X that Chainlink ended the session with a bullish close, hinting at potential further gains ahead. However, the analyst emphasized that Bitcoin will ultimately dictate the move. Keeping a close eye on the intraday chart, the expert mentioned that an early pullback could present a scalp opportunity, as long as Bitcoin aligns with the bullish outlook. Breakout Likely With Strong Daily Candles Breaking down his latest analysis, the trader explained that LINK’s daily candle officially closed bullish, marking a key technical point in the current trend. Meanwhile, LINKBTC ended the session on a positive note, which adds weight to the bullish outlook for LINK in the short term.  Related Reading: Chainlink Struggles At Key Resistance Level – $10 Support Back In Focus However, the analyst emphasized that more bullish daily closes on LINKBTC are needed to confirm momentum. A continuation of strength could lead to an impulsive breakout above the daily candle’s lower high trendline, igniting the next leg upward. A decisive move above the 0.000140 BTC resistance zone is expected to accelerate price action for LINK, giving bulls a clear signal to push higher. If momentum continues to build, LINK could rally toward the $16 resistance level, marking a major target for the current setup. For now, $12.50 remains a key support level on the daily timeframe and will act as a cushion if bearish pressure reemerges. Looking ahead, the analyst pointed out that Bitcoin and Bitcoin Dominance will remain the primary market drivers for Chainlink heading into the weekend. While maintaining a rational outlook, CRYPTOWZRD plans to monitor LINK’s intraday chart closely for any developing setups.  Awaiting Chainlink Next Trade Setup In conclusion, CRYPTOWZRD emphasized that LINK’s intraday chart is showing signs of a bullish recovery, closely aligned with Bitcoin’s recent rebound. He expressed optimism that further upside is likely if current conditions persist, particularly if Bitcoin maintains its strength.  Related Reading: Chainlink Holds Strong At $15.29 Support – Is A New Breakout Imminent? Despite the encouraging signs, CRYPTOWZRD noted that a temporary bearish pullback would be both natural and healthy within the current market context. Pullbacks often reset market conditions, providing better structure for stronger continuation patterns. He believes such a retracement could offer a favorable early entry point for long positions, especially for short-term or intraday traders looking to capitalize on the volatility.  As the market continues to evolve, CRYPTOWZRD advises traders to wait for clear confirmation of the next trade setup before taking action. His statement emphasized that strategic patience will be key in identifying the most rewarding opportunities. For now, traders should track price behavior closely and prepare to act swiftly when the next valid entry signal presents itself. Featured image from Adobe Stock, chart from Tradingview.com

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One of the reasons that the altcoin season seemed to not have begun until now is the fact that Bitcoin has dominated the market recovery, and thus, the BTC dominance remains very high. For the altcoin season to actually begin, past market performances show that there needs to be a major decline in the Bitcoin dominance. This is the ultimate trigger the market needs to confirm that altcoins will begin their own independent run. Bitcoin Dominance Needs To Fall To 62% The Bitcoin dominance is still trending at a high 64%, and this continues to be a thorn in the side of altcoins. With the dominance this high, the Bitcoin price continues to dictate where the market goes and has seen altcoins suffer crashes as a result of even the tiniest movement triggering a decline in prices. Related Reading: What Happens To The XRP Price If The 2017 Fractal Plays Out Again? However, crypto analyst Quantum Ascend has pointed out an interesting formation in the chart, which is a 7-wave crashing pattern. This pattern has been completed, and this signals a possible drop in the Bitcoin dominance as time goes on. The last phase of the 7-wave pattern was when the dominance hit a peak of 64.6% before declining back down toward 64%. This pattern suggests that the Bitcoin dominance could possibly drop to 62%, which would be good news for those waiting for the altcoin season. The last time that the dominance was this low was back on May 14, and altcoins had rallied hard as a result. For this decline to be completed, the crypto analyst reveals that confirmation lies below 63.45%, as this is the Wave 6 lows. Once this support is broken, a sharp drop toward 62% is expected from here. As the analyst explains, “real momentum kicks in under 62%,” and this is when altcoin season moves with full force. Altcoin Season Is Not Over The topic of a possible altcoin season is currently one of the most debated in the crypto community as market participants remain split on where it is in the cycle. Some have said there will be no altcoin season similar to what was seen in 2021, while others have maintained that it is still possible. Related Reading: Dogecoin Open Interest Averages $2 Billion In June As Price Struggles Below $0.2 One analyst on the X (formerly Twitter) platform has lent their voice, pushing the narrative that the altcoin season is far from over. For a 2021-style altcoin season to happen, though, the crypto analyst says the altcoin market, which excludes the top 10 cryptos by market cap, must break above the $470 billion resistance like it did in previous cycles. Once this happens, then they expect the altcoin season to begin. Featured image from Dall.E, chart from TradingView.com

#ethereum #bitcoin #btc price #bitcoin dominance #bitcoin price #btc #altcoins #bitcoin news #altcoin season #rsi #btcusd #btcusdt #btc news #relative strength index #tony severino #doji #btc.d

Bitcoin’s current price action is marked by a consolidation around the $105,500 price level. Although it reached an intraday high of $106,807, it has since returned to $105,500, and its dominance also witnessed a minor fall. Notably, Bitcoin’s dominance metric, the BTC.D, which measures its share of the total crypto market capitalization, has stalled around the 64% level in recent weeks. This stalling behavior drew attention from a certified market analyst, especially in light of many altcoins struggling to gain momentum in an environment dominated by Bitcoin’s inflow. BTC Dominance Hits Resistance, Candlestick Flash Warnings According to certified Level III CMT analyst Tony “The Bull” Severino, the 64% region on the Bitcoin Dominance (BTC.D) chart could mark a meaningful reversal point. Sharing his insights alongside a technical chart of Bitcoin’s market cap dominance on the monthly timeframe, Severino pointed out that the latest monthly candlestick formed a Doji right at the bottom of a previous Falling Window.  Related Reading: Altcoin Season: Bitcoin Dominance Reaches Critical Level Above 64% In Japanese candlestick theory, such “windows” are not just gaps to be filled but serve as critical zones of support or resistance. The fact that BTC.D formed a Doji candle precisely at this window, according to Severino, is a textbook reaction suggesting the dominance rally may be losing strength. This candlestick structure brings the focus onto how the current monthly candlestick plays out. If the current monthly candle becomes an Evening Star candlestick and closes below 62%, the odds of Bitcoin dominance rolling over increase significantly.  Altcoin Season Not Quite There Yet As noted by Tony, if Bitcoin’s dominance candlestick this month forms an Evening Star pattern and closes below 62%, it has a high possibility of marking the end of the cryptocurrency’s current dominance. However, the analyst added a key caveat: the BTC.D Relative Strength Index (RSI) closed the previous month above 70, still suggesting strong momentum and keeping the larger trend in flux. Related Reading: Is Altcoin Season Over Or It Never Started? Here’s What Historical Data Says Despite these early signals, Severino warned against jumping the gun. Although the technical evidence points to a possible short-term reversal in dominance, he clarified that it does not necessarily guarantee a full-fledged altcoin season. In his words, “I am still not of the mindset that we will get a typical altcoin season, but I am seeing some of the first signs that BTC.D might reverse here.” For now, Bitcoin continues to hold steady above $105,000, and until BTC.D breaks convincingly below 62%, the cryptocurrency is in dominance. Nonetheless, the altcoin market could soon be looking at its first real window of opportunity in months. At the time of writing, Bitcoin is trading at $105,500, down by 0.1% in the past 24 hours. Bitcoin dominance is currently at 63.1%, down by 0.57% in the past 24 hours. Ethereum, on the other hand, increased its market share by 2.13% to 9.6%. Featured image from Adobe Stock, chart from Tradingview.com

#bitcoin #bitcoin dominance #btc #litecoin #ltc #litecoin news #litecoin price #ltc price #ltc/usd #ltcusdt #ltc news #btc.d #ltcbtc #cryptowzrd

Litecoin (LTC) wrapped up the day with an indecisive close, leaving traders on the edge of their seats. While LTC’s price action offered little clarity, the bigger picture may be unfolding elsewhere. According to market watchers, the real catalyst for Litecoin’s next significant move could come from Bitcoin Dominance (BTC.D). A shift in BTC.D could tip the scales, either paving the way for a bullish breakout or extending its current sideways drift. Litcoin And LTCBTC Await A Clear Signal In a recent update, market analyst CRYPTOWZRD offered a detailed, cautious take on Litecoin’s current technical position while highlighting key factors to watch for a potential upside move. He observed that the LTC/USDT and LTC/BTC daily candles “closed indecisively,” a classic sign of market hesitation. Related Reading: Market Expert Projects ‘Undervalued’ Litecoin To Soar At Least 1,000% — Here’s How This kind of price behavior often reflects a lack of conviction from traders and can precede either a continuation or a reversal, depending on how subsequent candles develop. According to CRYPTOWZRD, what’s needed now are “more healthy candles” to confirm renewed bullish intent in the coming sessions. A major factor influencing Litecoin’s outlook is Bitcoin dominance. CRYPTOWZRD explained that a decline in BTC.D would likely benefit altcoins like Litecoin, allowing LTCBTC to gain traction. If such a shift occurs, Litecoin could begin forming a bullish “W” reversal pattern, typically a reliable signal of a bottoming process and the start of a new upward trend. This pattern, if confirmed, would signal improving market sentiment around LTC and open the door for a stronger recovery. CRYPTOWZRD is keeping a close eye on the $96 level, which he identified as a key threshold on the daily chart. A sustained move above this level could give Litecoin the strength to rally toward the $128 resistance area. “I will be tracking the intraday chart development,” he noted, suggesting that his next trade decision will be heavily influenced by how Bitcoin performs in the short term.  Intraday Choppiness: A Battle For Direction Sharing his thoughts on Litecoin’s intraday performance, the analyst described the chart as “choppy and slow” throughout the day, reflecting a lack of clear momentum in either direction. He emphasized that a decisive move above the $96 mark, followed by sustained price action at that level, could serve as a catalyst for a potential long toward the next significant resistance around $102 or possibly higher. Related Reading: Litecoin Monthly Close Above Key Resistance Could Ignite 30% Rally – Is A Breakout Coming? However, the analyst cautioned that failure to reclaim $96 may result in continued sideways volatility, with no strong directional bias in the near term. He also highlighted the role of Bitcoin in shaping Litecoin’s next move, noting that broader sentiment and movement in BTC will likely decide whether LTC breaks higher or remains range-bound. Featured image from Adobe Stock, chart from Tradingview.com

#bitcoin #bitcoin dominance #altcoin #altcoins #altcoin season #wif #altcoin news #global liquidity #altcoins news #hype #btc.d #astronomer

Crypto analyst Astronomer has provided insights into when the altcoin season will likely begin following the Bitcoin price’s rally to a new all-time high (ATH). His analysis indicated that BTC’s dominance is about to top, which will pave the way for altcoins to outperform the flagship crypto.  Altcoin Season To Begin Soon As Bitcoin Price Hits New ATH In an X post, Astronomer predicted that the altcoin season is imminent, seeing as BTC’s dominance (BTC.D) has hit 65% following the Bitcoin price rally to a new ATH. The analyst remarked that BTC’s dominance will roll over slowly first, before dropping rather quickly after the flagship crypto loses momentum.  Related Reading: Is It Time For Altcoin Season? Bitcoin Dominance Rises To Major Rejection Zone He is also confident that the altcoin season is coming soon because  BTC.D is up seven weeks in a row and all green from the bottom, which means the Bitcoin price-led move is stretching long. From a counting perspective, Astronomer remarked that BTC is coming to the end of the transition period, and altcoins will likely make their bigger moves soon.  The analyst noted that BTC.D has also nicely retested the quarterly breaker open. For now, he believes sentiment is certainly not ready for an altcoin season, seeing as only the Bitcoin bulls are loud. Astronomer added that the ETH bulls are quiet and that only coins that are Bitcoin liquidity-driven are talked about, including HYPE, WIF, and the Bitcoin price itself.  He is confident that 65% is the top for the BTC.D despite calls for 67% and 70%. With the Bitcoin price dominance currently at almost 63%, Astronomer affirmed that he is well-positioned for the top, with altcoin season coming after. The analyst stated that soon, these altcoins will put in their big moves until they are forced to become the narrative again, where they top out.  Crypto analyst CrediBULL Crypto is also confident that the altcoin season is imminent amid the Bitcoin price’s rally to a new ATH.  In an X post, he stated that where the market is headed in the coming months, every lagging altcoin is an opportunity to be thankful for, not a problem to be frustrated about.  BTC Is Forming A Top At Current Price Levels In an X post, crypto analyst CryptoVerse stated that the Bitcoin price is likely forming a top at its current levels. He admitted that the flagship crypto could still rally to between $112,000 and $118,000 but warned that it could mark the cycle peak. The analyst also stated that he is not expecting an altcoin season before the fourth quarter of this year.  Related Reading: Bitcoin Dominance Chart Remains Very High Despite Crash, What This Means For Altcoins CryptoVerse remarked that based on global liquidity trends, the altcoin season should begin in the fourth quarter and wrap up by the second quarter of next year. He noted that there could be short-term bounces, but a full-blown rally is unlikely to happen before then. Featured image from Getty Images, chart from Tradingview.com

#bitcoin dominance #xrp #altcoins #xrp price #xrp news #xrpusd #xrpusdt #xrpbtc #cryptowzrd

In a recent update on X, market analyst CRYPTOWZRD highlighted a developing double bottom formation on the XRPBTC chart, suggesting a possible bullish reversal may be underway. Although XRP ended the previous session with indecisive movements, this emerging pattern could drive its price action higher. Should the reversal confirm, XRP is likely to push toward the $2.80 resistance zone.  Bitcoin Dominance Pressures Altcoins, XRP Included Expanding on his initial analysis, the analyst noted that XRP and XRPBTC closed their daily candles indecisively, reflecting ongoing market uncertainty and a lack of strong directional action. While XRPBTC is currently holding above a key double bottom formation, the analyst emphasized that the pair still appears relatively weak and requires more stable and constructive price action to confirm a bullish breakout. A strong reaction from this level could serve as a catalyst, helping XRP gain momentum from its current position on the chart. Related Reading: XRP Price Will Still Rally From Here, Crypto Veteran Raoul Pal Forecasts He also pointed out that Bitcoin dominance continues to exert pressure on altcoins, including XRP, causing them to underperform in their BTC pairs. As Bitcoin dominance approaches a major resistance level, the analyst anticipates a reversal that could shift capital flow back into altcoins. Such a reversal would provide a favorable environment and support a broader bullish continuation for XRP. Looking ahead, the analyst stated that his focus will remain on the lower time frames throughout the next trading session to determine the next scalp opportunity, particularly if XRPBTC begins to show signs of recovery and buyers step in with stronger momentum. Waiting On Confirmation: No Entry Without A Clear Move Concluding his analysis, the analyst provided his outlook for the near-term price action, noting that intraday trading was choppy and lacked clear direction throughout the session. Despite the indecisiveness, he predicts a potential upside continuation if the price breaks above the $2.4650 intraday resistance level.  Related Reading: Massive XRP Selling Pressure Is Stalling Price Action, Analyst Warns Conversely, he identified $2.3160 as a crucial intraday support level, where buyers may step in if the market pulls back. This zone will be important to watch, as a breakdown below it could delay any immediate bullish momentum and signal further consolidation. The price action between these two levels will likely define the short-term direction for XRP. He emphasized that patience is key at this stage, urging traders to wait for a clear and healthy move before considering new entries. With market conditions still uncertain, the analyst plans to stay focused on refined setups and mature formations to ensure higher-probability trades in the sessions ahead. Featured image from iStock, chart from Tradingview.com

#ethereum #bitcoin dominance #ethereum price #eth #eth price #coinmarketcap #ethusd #ethusdt #ethereum news #mister crypto #titan of crypto #milkybull crypto #skyrexio

Ethereum is again looking bullish following its gains of over 17% in the last seven days and the break above $2,500. Analysts have provided a positive outlook for the second-largest crypto by market cap, predicting that its price could soon go parabolic after an extended consolidation period.  Ethereum Primed To Break Out As Price Goes Parabolic  In an X post, crypto analyst Mister Crypto noted that Ethereum has been consolidating for four years and that the longer the consolidation, the bigger the pump. He added that he is extremely bullish, indicating that a breakout was imminent. His accompanying chart showed that ETH could reach a new all-time high (ATH) on this breakout.  Related Reading: Ethereum Price Completes Bullish Structure Break – $3,000 Comes Next Crypto analyst Skyrexio also asserted that Ethereum will go “insane” soon. In a TradingView analysis, he stated that Bitcoin’s dominance is about to finish the uptrend, which can give ETH a second life. The analyst added that the bounce is already happening, although Ethereum’s price is struggling to break through $2,600.  He admitted that Ethereum could experience a small correction in the upcoming week but assured that the final uptrend has been confirmed. Analyzing ETH’s weekly chart, Skyrexio opined that the crypto is on wave 3 of the Elliott wave structure. The analyst revealed a green dot on the Bullish/Bearish Reversal Bar indicator, which he claimed is a huge confirmation of the bull run.  Skyrexio stated that the target for wave 3 is the 1.61 Fibonacci at $6,500. He told market participants to consider the second scenario, when BTC dominance will reach 67% and ETH will retest the low. Whales are actively accumulating ahead of a potential price surge. Crypto analyst Ali Martinez revealed that nearly 1 million ETH have been withdrawn from exchanges in the past month.  ETH Has Broken Out Of The 3-Year Downtrend In an X post, crypto analyst Mikybull Crypto revealed that Ethereum has broken out of the 3-year downtrend. He added that from now on, ETH will outperform BTC till the cycle peak. His accompanying chart showed that the altcoin could rally to $9,000 before the end of this market cycle.  Related Reading: Ethereum Surge Above $2,200 Says Bear Market Is Over, Analyst Calls $5,791 ‘Easy’ Target In another post, he reiterated this target while outlining between $8,000 and $10,000 as his targets for Ethereum in this cycle. He noted that ETH is looking to pull 2017 vibes, which is another reason he is confident that the crypto can eventually rally to as high as $10,000. Crypto analyst Titan of Crypto also predicted that the Ethereum price could soon enjoy a parabolic move, rallying to as high as $4,000.  At the time of writing, the Ethereum price is trading at around $2,587, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

#bitcoin dominance #xrp #altcoins #xrp price #xrp news #xrpusd #xrpusdt #total2 #andrew griffiths

XRP price action on lower timeframes, specifically under the 4-hour mark, remains notably uncertain, with erratic fluctuations and a lack of clear directional bias. However, a deeper analysis reveals that the broader structure on the 4-hour chart is offering more constructive insights. Despite the choppy short-term moves, the 4-hour timeframe maintains a bullish formation, suggesting that underlying momentum may be building.  The Bigger Picture For XRP A key insight shared by market analyst Andrew Griffiths suggests that a decisive move toward the bullish order block between 2.3907 and 2.3277, coupled with strong bearish momentum, could indicate the early signs of a structural breakdown. Related Reading: XRP Price Eyes Breakout: Can It Shatter Resistance and Reignite the Rally? In his recent post on X, Griffiths emphasized that this price zone has historically acted as a significant area of demand, where buyers typically step in to defend support. However, if sellers dominate this region and the price fails to hold, it could signal a shift in market dynamics, potentially invalidating the current bullish setup. Despite this technical vulnerability, the overall crypto market sentiment continues to lean bullish. Bitcoin’s dominance remains firm, while the TOTAL2 chart, which reflects the performance of altcoins excluding Bitcoin, maintains a bullish market structure.  These broader trends support the idea that current weakness may be a temporary shakeout rather than the start of a deeper reversal. As such, price action around the order block is key, as it could serve as a turning point in the days ahead. Trade Setup: Waiting for Confirmation at Key Levels Andrew Griffiths outlined a strategic trading approach centered around the 4-hour bullish order block between 2.3907 and 2.3277. According to Griffiths, a price test of this zone, if accompanied by weak bearish momentum, could present a favorable buying opportunity.  Related Reading: Analyst Says These Factors Will Drive XRP Price To $1,000, But What Does Market Cap Say? This aligns with his personal trading methodology, which focuses on identifying high-probability entries where price reacts to key levels with signs of exhaustion from the opposing side. For traders looking to capitalize on potential long setups, this zone may serve as an ideal area for entry, provided certain conditions align. Signs such as decreasing sell volume, long lower wicks (indicating rejection), or bullish candlestick formations within or just above the zone may act as confirmation of weakening bearish pressure.  Griffiths also emphasizes the importance of waiting for a clear reaction, rather than preemptively entering a position, to reduce the risk of a deeper breakdown. A well-placed stop-loss just below the lower boundary of the order block (2.3277) could offer a favorable risk-reward ratio, especially if the broader trend resumes to the upside. Featured image from Getty Images, chart from Tradingview.com

#bitcoin #sec #bitcoin dominance #ripple #xrp #altcoin #euro #xrp price #circle #us securities and exchange commission #xrp news #xrpusd #xrpusdt #rwa tokenization #xrp etfs #real world asset

Following the XRP price’s stellar performance in the current bull cycle, a crypto analyst has now predicted that the value of the third-largest cryptocurrency could soon soar to $10 or more in 2025. This bullish projection is backed by several key factors expected to drive strong demand and boost global adoption.  Factors That Could Push XRP Price To $10 Unlike past cycles, when XRP pumped toward the tail end of the bull market, this time, it has emerged as one of the top-performing altcoins early on. Expanding on this impressive performance, X (formerly Twitter) crypto analyst and XRP supporter Edo Farina has shared a video analysis of the cryptocurrency, predicting the token’s potential price outlook and outlining different factors that could drive this surge.  Related Reading: Analyst Says These Factors Will Drive XRP Price To $1,000, But What Does Market Cap Say? The analyst has highlighted the influence of Bitcoin Dominance (BTC.D), which he sees as a critical indicator for altcoin movements. According to him, BTC.D currently remains relatively high. However, historically, the dominance dropped from 40% to 30%, marking the onset of the altcoin season. This expected drop in Bitcoin’s Dominance could serve as the trigger for a broader altcoin market breakout, positioning the XRP price for a potential 4X rally from current levels. According to Farina, a 4X jump from $2.39 could easily propel XRP toward the $10 mark.  Key to this optimism and bullish outlook is the recent resolution of the lawsuit between the US Securities and Exchange Commission (SEC) and Ripple. With legal battles seemingly behind it, XRP is no longer classified as a security in the US, giving Ripple the green light to offer the token to financial institutions. Farina has suggested that this newfound regulatory clarity is expected to bolster investor confidence and lay the groundwork for global adoption. Achieving a $10 price point will also require more than a shift in market sentiment. Farina explains that it will depend heavily on XRP’s integration into the global financial system. The analyst argues that XRP must become the cornerstone, especially in cross-border payments and Real World Asset (RWA) tokenization. Ripple has already taken significant steps in this direction, reportedly playing a role in the roll-out of the digital Euro.  Ripple is also making strategic acquisitions, such as its acquisition of Hidden Road and the potential  purchase of Circle, which could exponentially expand its influence in traditional finance. The analyst further notes that the possible launch of XRP ETFs could significantly impact the token’s price dynamics. If approved by the SEC and more ETFs hit the market, investor demand is expected to skyrocket, potentially driving prices toward or even beyond $10 in 2025. How Much Will 1,000 XRP Be Worth In 2025? In his analysis, Farina estimated how much 1,000 XRP could be worth in 2025 if its price surges to $10 and above. At $10, a modest holding of 1,000 XRP would be worth $10,000.  Related Reading: XRP Price Still On Bullish Path To $5 As Long As This Level Holds If financial adoption accelerates as Farina projects, XRP could climb well beyond $10, potentially reaching $100. In that scenario, a 1,000 XRP bag could soar to $100,000 profit, potentially offering life-changing returns for long-term investors. Featured image from Getty Images, chart from Tradingview.com

#bitcoin #blockchain #bitcoin dominance #altcoins #cryptocurrency #bitcoin news #altcoin season #crypto news

Raoul Pal, Real Vision founder and prominent trading name, stated on Wednesday that the dominance of Bitcoin may have topped this cycle. In an X post, Pal said that DeMark Indicators’ signals point toward the potential that a change is imminent after several months of Bitcoin at the top of the market. Pal noted that daily, weekly, and monthly charts all are flashing top signals on Bitcoin dominance. Related Reading: XRP At $2.20? Analyst Insists It’s Not Too Late To Get In Bitcoin dominance is now at nearly 65%, a figure that has increased steadily since December 2024. Despite this growth, it is still yet to reach the 2021 high of 74%, or the 2017 high previously. This, according to Pal, indicates a weakening trend in the percentage of the crypto market dominated by Bitcoin over time. DeMark Tops Flash Warning Signs Pal relied on technical analysis tools called DeMark Indicators, developed by market veteran Tom DeMark. They are used to identify when a trend could be losing momentum. Although Pal didn’t specifically state what the exact signals were that he watched for, one of the TD Sequential’s functions is to find turning points like this. I think BTC dominance topped today. There are daily, weekly and monthly DeMark tops in place and the top is well below 2021 top and that was below the 2017 top. If that plays out, it is the hallmark of the next phase of the Banana Zone. Let’s see… — Raoul Pal (@RaoulGMI) May 8, 2025 Currently, Bitcoin is over 6% higher since the beginning of 2025 and has just reclaimed the $103k level. The coin is slowly making its way toward the $105,000 threshold. But while Bitcoin is going higher, most other cryptocurrencies have not been able to keep pace. Altcoins Have Fallen Behind Statistics indicate that the TOTAL2 index, which captures the value of the crypto market excluding Bitcoin, has fallen by almost 20% this year. It declined from $1.34 trillion to $1.07 trillion. This difference between Bitcoin and the rest of the market has contributed to increasing Bitcoin’s dominance. If Pal’s analysis is correct, this difference will soon begin to narrow. He thinks that as soon as Bitcoin dominance reaches a peak, money may begin entering altcoins. Traders usually move their focus from Bitcoin to smaller coins as soon as they feel the top coin has gotten its run out. That’s what happened before, and Pal believes the same may occur. The Banana Zone Theory Pal also mentioned what he refers to as the “Banana Zone.” It’s his terminology for a period where prices accelerate in a sharp, curved trajectory — sort of like a banana. He divides this into three stages. Phase one, he says, began in November 2024, when the prices of crypto started to break out. Related Reading: Trump Trade News Ignites Bitcoin Mania—$100K Coming? Now he believes we’re entering phase two, which he calls the “Banana Singularity.” That’s the part where altcoins start rising faster than Bitcoin, as more investors start hunting for bigger gains in riskier coins. This is usually when people start seeing major moves across smaller tokens. Altcoin Season May Be On The Way Pal’s message is crystal clear: Bitcoin’s time at the top may be slowing down. If the technical indicators are correct, altcoins may soon be taking center stage. It wouldn’t be the first time. In previous bull runs, capital rotated out of Bitcoin and into altcoins as the top coin’s dominance tailed off. Featured image from Unsplash, chart from TradingView

#ethereum #bitcoin #bitcoin dominance #ethereum price #eth #solana #xrp #sol #altcoins #eth price #samson mow #cryptocurrency market news #ethusd #ethusdt #ethereum news #jan3 #eth news

Cryptocurrency prices are starting to grind through a period of slow but steady gains in the past 48 hours, with Bitcoin again leading the charge and most altcoins lagging in recovery. In a recent post on the X platform, popular Bitcoin maximalist and CEO of JAN3,  Samson Mow, described the misleading nature of unit bias among altcoins. According to Mow, Ethereum at $9,200, XRP at $5,800, and Solana at $3,400 is virtually impossible, given the current supply of these tokens. Unit Bias And Market Cap: The Numbers Don’t Lie Mow’s post on X challenges how investors perceive the value of altcoins like Ethereum, XRP, and Solana. He proposed a reframing of altcoin valuations by applying Bitcoin’s supply model to them. Bitcoin was created with a total possible circulating supply of 21 million units, with 19.85 million of those currently in circulation. Related Reading: Samson Mow Dumps Bitcoin Bombshell: Current Price Action Is ‘Manufactured’, Not Natural At the time of writing, one unit of 21 million Bitcoins is trading around $88,000. This price might be too much for retail traders. As such, the idea of owning a whole unit of XRP or Solana feels more accessible to newcomers and retail traders compared to buying a fraction of Bitcoin with the same capital.  To expose how misleading this mindset can be, Mow reimagines altcoin valuations by dividing their total market capitalizations by Bitcoin’s 21 million supply cap. This is essentially asking what one unit of these assets would cost if they had the same scarcity of supply as Bitcoin. Based on current market caps, Ethereum would be valued at approximately $9,200, XRP at $5,800, and Solana at $3,400.  Given the current price of Ethereum, Solana, and XRP, these figures are unrealistic and reveal how much of the altcoin appeal is driven by unit bias rather than actual value. Furthermore, it shows that Bitcoin has better fundamentals and scarcity in its supply dynamics. Narrative Of Bitcoin Dominance Getting Stronger For Mow and other Bitcoin maximalists, the disparity in Bitcoin supply and that of popular altcoins is yet another reason why Bitcoin dominance is likely to grow stronger in the long run. Notably, the inflows into spot Bitcoin ETFs and increasing recognition among traditional finance investors are strengthening the case for Bitcoin’s dominance going forward. Related Reading: Is It Time For Altcoin Season? Bitcoin Dominance Rises To Major Rejection Zone Notably, Mow’s perspective stands in opposition to the outlook held by some analysts who still anticipate an incoming altcoin season. These analysts believe that Bitcoin dominance, despite currently sitting at a yearly high of 63.5%, could be on the verge of a reversal. One notable technical analysis even projected a sharp crash in dominance toward the 40% mark in the coming months. At the time of writing, Bitcoin is trading at $88,530, up by 1.3% in the past 24 hours. Ethereum is trading at $1,620, representing a 1.5% decline over the same period. Solana is down 0.5% at $140, and XRP is trading at $2.09 after a 1.63% decline in the past day. Featured image from Pixabay, chart from Tradingview.com

#bitcoin #btc price #bitcoin dominance #bitcoin price #btc #bitcoin news #btcusd #btcusdt

The Bitcoin dominance in the cryptocurrency market is inching dangerously close to a long-term resistance level that has triggered major reversals in the past. This resistance level is highlighted on the weekly BTC.D candlestick timeframe chart.  Each time the dominance taps this descending trendline, it struggles to break through and eventually tumbles. Notably, Bitcoin’s dominance is now back around this resistance, and a technical outlook posted on the TradingView platform points to a crash to 40% within the next months. Bitcoin Dominance Could Crash To 40%: Good For The Altcoin Market The dynamics behind Bitcoin’s dominance have been different this cycle compared to previous ones. This is because the dominance has grown massively since the beginning of this cycle, leaving little room for an altcoin season like many have continued to expect. At the time of writing, Bitcoin’s market dominance is sitting at a yearly high of 63.2%, according to data from CoinMarketCap. Related Reading: Solana Price Enters Consolidation Trend Above $130 That Could End In A Breakout However, an interesting technical analysis shows that the Bitcoin dominance is now tapping on a resistance trendline that puts it at risk of crashing below 40%, up until 34.9%. If that pattern holds true once again, the crypto market could be approaching a phase where Ethereum, XRP, and other altcoins regain strength in what many hope will be the next altseason. A drop in Bitcoin dominance will bode positively for altcoins, since it indicates that the altcoin market is outperforming Bitcoin. This will be characterized by a widespread increase in the prices of major altcoins, such as Ethereum, Solana, and XRP. In such a case, tokens like Ethereum, XRP, Cardano, Chainlink, BNB, and Litecoin, the so-called DINO coins that have survived multiple market cycles, are most likely to draw early attention from retail traders. However, unlike past bull runs, when only a few hundred altcoins existed and most received some attention, the crypto market is now saturated with thousands of altcoins. After the large market-cap altcoins, the rotation could move toward more niche sectors. Sectors such as Artificial Intelligence (AI), Real World Assets (RWA), and DeFi may also attract attention, but even within these categories, a strong filtering process will be applied to select the altcoins that will perform better.  Can Bitcoin Dominance Really Crash To 40%? The Bitcoin dominance crashing to 40% is not a new phenomenon, looking at how the 2017 and 2021 bull markets unfolded. However, such a phenomenon happening again is becoming increasingly difficult, considering Bitcoin’s position in the investment world today through Spot Bitcoin ETFs. These funds in these ETFs are locked up for the long term, meaning a rejection in BTC dominance may not automatically result in massive liquidity flows into the altcoin market, as seen in 2021 and 2017. Related Reading: Cardano Price Surge To $1.7: Here Are The Factors To Drive The Recovery Even if Bitcoin dominance crashes toward 40% and ushers in a new altcoin cycle, many altcoins will eventually end in brutal drawdowns. Across past market cycles, the majority of altcoins have suffered losses of over 90% once bullish sentiment fades and capital flows back into stablecoins. Featured image from Dall.E, chart from TradingView.com

#opinion #crypto long & short #institutional investment #bitcoin dominance #bitcoin price #coindesk indices

A report by CoinDesk Indices provides a detailed analysis of the crypto market’s recent performance and the significant shift being driven by institutions. Dive into the results with CoinDesk’s Joshua de Vos and Jacob Joseph.