Altcoin Season Starting Soon? Analyst Predicts 37% Crash In Bitcoin Dominance
Bitcoin dominance remains high, hindering altcoin season prospects. Historically, a significant drop in Bitcoin dominance is necessary for altcoins to rally. Currently, Bitcoin dominance exceeds 65% and has approached a resistance trendline established since 2017. Crypto analyst CoreCrypto identifies this as a critical point where dominance may decline, potentially allowing altcoins to gain strength. Key developments to monitor include a rejection from the resistance trendline and support levels indicated on the dominance chart. A strengthening Ethereum performance relative to Bitcoin could signal the onset of altcoin season. CoreCrypto predicts a potential decline in Bitcoin dominance by 36.91% to the 42%-45% range if the resistance is broken, following historical trends of previous altcoin seasons. A rejection from the resistance could initiate a capital shift from Bitcoin to altcoins, marking the start of Altseason 2025.
