Bitcoin Dominance Faces Rejection, Potential Altcoin Surge on the Horizon
Main Idea
Bitcoin's dominance faces rejection at a key resistance level, signaling a potential shift in momentum towards altcoins, though Bitcoin still holds a significant market share.
Key Points
1. Bitcoin's dominance was rejected at a multi-year resistance level, with a MACD bearish cross in mid-2025 indicating a potential shift away from Bitcoin towards altcoins.
2. Despite the rejection, Bitcoin still holds 59.55% of the total crypto market value, while the Altcoin Season Index remains at 35/100, below the threshold for a confirmed altseason.
3. Ethereum has gained 15.16% in the past week, supported by ETF inflows totaling $18.4 billion and its recent Pectra network upgrade.
4. DeFi assets like Aave have rallied, with some altcoins such as DONKEY and TROLL posting significant weekly gains of 349% and 241% respectively.
5. Technical indicators, including the MACD bearish cross, suggest declining momentum for Bitcoin, while selective altcoins show notable gains.
Description
Bitcoin’s dominance has been rejected at a multi-year resistance level, indicating a potential surge in altcoins as market dynamics shift. Bitcoin dominance rejected at approximately 72% with a monthly Bearish
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