The article discusses how the current market trends in the cryptocurrency space are reminiscent of previous cycles. The analyst Luca compares charts showing Bitcoin dominance and the start of the altcoin season in the 2021 and 2025 cycles. In both cycles, Bitcoin's dominance deviated from a resistance level, leading to a sell-off in altcoins. Luca suggests that if historical trends repeat, Bitcoin's dominance may drop to a certain level and trigger a rally for altcoins. However, another analyst named Brucer believes that the altcoin season may not happen this cycle. He points out that previous altcoin seasons were driven by major events like the 2017 ICO boom, and currently, altcoins are struggling to regain previous highs while Bitcoin's dominance continues to rise. Brucer suggests that significant macroeconomic changes would be needed for an altcoin season in 2025. Overall, the fate of altcoins in this bull market remains uncertain, and it is unclear whether history will repeat itself or if a new course will be taken.
Content Editor ( newsbtc.com )
- 2025-02-08
Bitcoin Dominance 2021 Vs. 2025: Why Striking Similarities May Show If An Altcoin Season Is Possible
