📉 #bitcoin Dominance is Breaking Down
Bitcoin dominance just broke out of a rising wedge pattern, and this usually leads to a drop in dominance.
Here’s why this matters:
➡️ Bitcoin dominance shows how much of the total crypto market cap belongs to $BTC .
➡️ When dominance falls, it usually means altcoins start gaining strength.
➡️ And historically, every major altseason started after this type of breakdown.
Looking at the chart:
🔻 We’ve seen this pattern before in May — breakdowns from similar structures led to big drops in dominance.
📊 This new move could be the early sign of liquidity rotating into #altcoins .
What to watch:
• Bitcoin holding current price levels
• Altcoins starting to outperform BTC
• New trends forming across smaller cap coins
Not financial advice, but it’s a good time to keep an eye on your altcoin bags. If the pattern plays out again, altseason might not be too far away.