CandleFocus

Bitcoin Dominance Crumbles: Is a Massive Altcoin Surge Ahead?

Bitcoin dominance is facing resistance and if it breaks downwards, it could trigger a rally in altcoins. The recent surge in the crypto market was driven by a Fed rate cut and Bitcoin reaching a one-month high. Analysts suggest that if Bitcoin dominance continues to decline and falls below a key support level at 47.5%, altcoins could see significant gains. However, it is too early to declare the start of an altcoin season as only 31% of the top 50 altcoins have outperformed Bitcoin in the last 90 days. The altcoin season index is currently at 31, far from the required score of 75 for confirmation.

Related News