Analyst Says Altcoins Will Pump Hard if Bitcoin Drops Below This Level
2025-07-10 11:04:58
Main Idea
Analysts suggest that if Bitcoin's market dominance drops below 65%, altcoins could experience significant price increases due to a shift in market sentiment.
Key Points
1. Ash Crypto highlighted a bearish pattern in Bitcoin's dominance, stating a drop below 65% could lead to a strong altcoin rally.
2. Bitcoin's market cap dominance was at 65.08%, showing a slight decline of 0.18%, with a pattern of lower highs and horizontal support.
3. Isabella Moreira emphasized the 65% threshold as technically significant, predicting altcoins could gain momentum if Bitcoin dominance falls below it.
4. Reijer identified a 'descending triangle' pattern in Bitcoin's dominance, suggesting a likely downside breakout that would be bullish for altcoins.
5. A drop below 65% in Bitcoin dominance could signal increased volatility and potential outperformance of altcoins in terms of price gains.
Description
A recent tweet by crypto update platform Ash Crypto has highlighted the current technical state of Bitcoin’s dominance in the overall cryptocurrency market. In the tweet, Ash Crypto stated , “BITCOIN DOMINANCE IS FORMING BEARISH PATTERN AND IF IT DROPS BELOW 65% ALTCOINS WILL PUMP HARD.” This statement was accompanied by a technical chart indicating a visible descending triangle pattern, often interpreted by analysts as a bearish formation in market structure. The attached chart shows Bitcoin’s ...
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