The crypto market is buzzing as Bitcoin’s dominance dips below 60% for the first time in six months.
This milestone has sparked renewed attention on altcoins, which are eager to grab a bigger slice of the market.
Yet, despite this shift, Bitcoin’s dominance continues to heavily influence the market’s overall direction—and it’s a key factor in predicting when altcoin season might officially kick off.
How Bitcoin Dominance Shapes Market Movements
In a market that’s constantly shifting under global economic pressures, Bitcoin’s grip on market share puts considerable pressure on altcoins.
Crypto analyst Luca highlights this in a recent analysis, explaining how Bitcoin dominance is currently steering market trends.
Luca notes that Bitcoin dominance recently slipped below a critical level known as the Weekly Bull Market Support Band—a threshold not crossed since the last market cycle.
Interestingly, this level, now broken as support, has also acted as resistance, signaling key shifts in investor behavior.
Historically, such movements aren’t immediately bullish for Bitcoin prices.
Instead, the bearish tendencies tend to unfold over a longer timeframe.
Luca explains that this pattern reflects high risk appetite in the market, which market makers often exploit as a distribution strategy.
Altcoins Poised for Attention
As Bitcoin dominance wavers, investor focus is expected to shift toward altcoins.
With Bitcoin trading near all-time highs, altcoins present a higher potential for profit, drawing more capital their way.
This rotation could mark the early stages of altcoin season, as money flows from Bitcoin into a range of alternative cryptocurrencies.
Waiting for the Altcoin Season Bottom
Altcoin season is typically marked by a significant drop in Bitcoin dominance, coinciding with rallies in large-cap altcoins.
Luca suggests that this cycle will continue until Bitcoin dominance reaches a bottom, potentially around the 47%-48% range.
Once this bottom is hit, Bitcoin is likely to regain control, signaling the close of the altcoin surge.
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