- Bitcoin Dominance has broken below a long-term support trendline, indicating growing strength in altcoins.
- Historical cycles are suggesting a potential 2025 phase where alt seasons typically follow Bitcoin rallies,Â
- Total crypto market capitalization is reflecting strong investor confidence as it remains stable near $2 trillion,.
Bitcoin’s dominance slips hinting at a possible market rotation to Altcoins which are beginning to gain momentum and are fueling talk of an upcoming alt season that could reshape the crypto landscape heading into 2025.
Break Below the Daily Trendline
According to insights from Coin Bureau Bitcoin Dominance (BTC.D) has broken beneath a crucial ascending trendline that has guided its uptrend since early September. A decisive red candle closing below the blue support line, suggests that bearish momentum is dominating Bitcoin’s relative strength against altcoins.
Bitcoin Dominance had maintained steady growth outperforming alternative cryptocurrencies in overall market capitalization. However, the recent candle—supported by previous selling pressure—indicates growing weakness. Should BTC Dominance fail to recover the 60% threshold soon, it may test the lower support levels near 59.0%–58.5%, zones that served as prior consolidation regions.
On the other hand, a rapid recovery above the trendline would reestablish bullish control and negate the recent breakdown. Until such a move occurs, the data suggests a temporary weakening of Bitcoin’s dominance, often linked to strengthening altcoin performance.
Cyclical Market Patterns and Altseason Outlook
During previous altseasons in 2017 and 2021 each phase marked extended periods of substantial rallies, with gains of roughly 90x in 2017 and 150x in 2021.
The analysis indicates that the current structure mirrors earlier pre-altseason consolidation stages. Red ellipses on the chart connect to a long-term ascending base line, suggesting that altcoin strength tends to rise after Bitcoin completes a dominance cycle.
The setup hints that a new growth phase could emerge if past patterns hold true.This could be a continuation of cyclical behavior where Bitcoin rallies first, followed by an altcoin performance reinforcing the rotation dynamics seen in prior bull markets.
Market Stability and Broader Crypto Movements
The total crypto market value moved between $1.96 trillion and $2.08 trillion in the last 24 hours . The market dipped to $1.96 trillion before it recovered to a high above $2.06 trillion.
This rebound shows growing investor confidence, with the market settling near $2.04 trillion.. Even with some volatility, the crypto market has remained strong around the $2 trillion level.The steady range suggests traders are balancing between taking profits and accumulating more assets
Combined with the recent drop in Bitcoin Dominance, this pattern points to a short-term phase where altcoins are starting to gain strength while Bitcoin holds steady.Bitcoin rose from $100K to $104K before stabilizing near $102K.
