Bitcoin Dominance Nears Key Resistance, Potential Altcoin Rally Could Follow Capital Rotation

Key Points

1. Bitcoin dominance is currently at 61.3%, having gained over 23 percentage points since mid-2024, but faces strong resistance at 64%.

2. A potential bearish MACD cross on Bitcoin dominance suggests weakening momentum, which could lead to capital shifting into altcoins.

3. Altcoin market cap indices TOTAL2 and TOTAL3 have formed a golden cross, indicating potential bullish momentum for altcoins.

4. A decisive breakdown of Bitcoin dominance below 64% is seen as a key catalyst for a major altcoin rally.

5. Historical trends show that altcoin rallies often follow periods of Bitcoin dominance pullbacks, with potential gains lasting through October.