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The prolonged dominance of Bitcoin in the crypto market has delayed the anticipated altcoin season. Analysts suggest a drop in Bitcoin dominance below 62% could finally trigger a rally in altcoins. Here’s what the latest charts and experts are signaling.
- Bitcoin dominance must drop below 62% to trigger a full altcoin season, according to historical patterns.
- A 7-wave crashing pattern in Bitcoin dominance charts suggests a potential decline, with confirmation below 63.45%.
- For a 2021-style altcoin rally, the altcoin market (excluding top 10 cryptos) needs to surpass $470 billion resistance.
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