Bitcoin Dominance on the Verge of a Sharp Decline
Market sentiment is shifting as Bitcoin dominance appears poised for a significant pullback. Historical patterns on the BTC.D chart reveal repeated tops followed by steep corrections, signaling an imminent rotation from BTC into altcoins.
Current price action shows $BTC trading at $95,460, down 0.97% over the past 24 hours. Meanwhile, altcoins are already showing strength: $ZEC is up 5.21% at $720.75, and $STRK leads with a 26.64% surge to $0.2258. These gains align with the early stages of capital flowing out of Bitcoin and into the broader altcoin market.
The long-term BTC dominance chart highlights two prior peaks marked by red circles, each followed by multi-month declines. The current structure mirrors those setups, with momentum indicators turning lower and volume distribution favoring altcoins.
Investors should monitor BTC dominance closely. A confirmed breakdown below key support levels could accelerate the altcoin season, rewarding those positioned in high-potential projects early.
