Different factors influence the price and it can change under their pressure. Let is analyze the facts of the recent market movements.

2025-05-7 22-00

The major part of Bitcoin growth lasted 24 hours: from May 7 22-00 CET to May 9 2-00 CET +9%; The next 3 days and 8 hours the price was consolidating on the same level.

Bitcoin dominance was overheated.

Domination began to fall on May 7 at 10 p.m. This downward movement lasted 4 days 16 hours, and reached 0.386 Fib ratio, (The wedge base to top 62.2%, -4.66%)

Important takeaways:

1) Domination fell without looking at Bitcoin's rise.

2) Domination continued to fall in the days while BTC consolidated.

3) Now we see Domination rising, despite the fact that Bitcoin price started to fall, in the last hours!

4) The price of altcoins is falling right behind the price of Bitcoin.

If we get confirmation of this trend continuation, we can make a logical conclusion: the altcoin season will start after the current downtrend is over at BTC.

Earlier I gave the bottom target I expect for BTC.
I assume that BTC.D may reach 72.98%, which is near the 2021 Jan top. Because Fib ratio of the wedge base to 1sw h points there.

Conclusion: It seems that dominance has been falling precisely because there has been strong pressure to buy altcoins. However, as money flowed into altcoins, they sold with the same magnitude, following the bitcoin price.

PS: I'll continue to investigate the move tomorrow and compare a couple more charts and metrics.