Bitcoin Dominance Decline May Signal Potential Start of Altcoin Season, Analysts Suggest
2025-07-17 09:50:21
Main Idea
The decline in Bitcoin dominance may signal the start of an altcoin season, with the altcoin market showing signs of significant expansion and potential growth to $2.78 trillion.
Key Points
1. The altcoin market is breaking out from a multi-year cup-and-handle formation, a bullish signal, with a measured target of around $2.78 trillion.
2. Bitcoin dominance has declined below critical moving averages like the 50-day and 100-day SMAs, indicating a potential shift in market dynamics.
3. Altcoin performance indexes are showing strength, typically associated with a full-fledged altcoin season.
4. The TOTAL3/USD weekly chart reflects growing investor confidence in altcoins, with the market cap potentially reaching $1.98 trillion.
5. The current market environment is characterized by declining Bitcoin dominance and increasing altcoin momentum.
Description
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