Bitcoin dominance (BTC.D) is currently exhibiting a downward trend, which historically suggests a potential shift of capital into altcoins.

On the 4-hour chart, BTC.D has declined from approximately 62% to 54%, indicating a weakening of Bitcoin's market share and a possible increase in altcoin market activity.

Technical indicators on the weekly chart further support this observation. The Relative Strength Index (RSI) is approaching overbought territory, typically above 70, suggesting that Bitcoin may be overvalued and due for a correction. Additionally, a potential Moving Average Convergence Divergence (MACD) crossover is forming, which could signal a shift in momentum from Bitcoin to altcoins.

These developments imply that altcoins may soon experience increased investor interest and capital inflows, marking the beginning of an "altcoin season." Historically, a decrease in Bitcoin dominance has been associated with stronger performance in the altcoin market.

As of now, Bitcoin is trading at approximately $104,419.

Investors may consider monitoring altcoin performance and market indicators closely, as these signs suggest a potential shift in market dynamics favoring altcoins. $BTC