Is Altcoin Season Coming Soon? Analysts Reveal Bitcoin’s Potential Change of Dominance!

Jakarta, Pintu News – Bitcoin is currently in a consolidation phase with the price hovering around $105,500. Although it reached a daily peak of $106,807, the price has since stabilized. Bitcoin’s dominance in the crypto market, as measured by the BTC.D metric, seems to have hit a wall at 64% in recent weeks.

Bitcoin Dominance Resistance and Warning Signals from Candlesticks

Tony “The Bull” Severino, CMT’s Level III certified market analyst, highlights that the 64% figure on the Bitcoin Domination chart (BTC.D) could be a significant turning point. Based on monthly candlestick analysis, Severino pointed out that the last candlestick formed a Doji just below the previous Falling Window, which in Japanese candlestick theory, is an important zone of support or resistance.

The presence of a Doji at this point signals that the dominance rise may start to lose its strength. If the current monthly candlestick turns into an Evening Star pattern and closes below 62%, the chances of Bitcoin dominance to reverse will increase significantly. This becomes the main focus to see how the current monthly candlestick will end.

Also Read: Shocking Prediction of Long-Term Analysis by Javon Marks: XRP Price Could Hit $21?

It’s not Altcoin Season yet

While there are early indications that Bitcoin’s dominance may be reversing, Severino emphasized that this does not necessarily signal the beginning of a true altcoin season. The Relative Strength Index (RSI) of BTC.D still shows a reading above 70 at the close of the previous month, indicating momentum is still strong. This makes the larger trend still uncertain.

Severino advises not to rush to conclusions. Although technical evidence suggests a possible short-term change in dominance, this does not automatically guarantee the start of a full-fledged altcoin season. The altcoin market will probably see its first window of opportunity in the next few months, but it still needs further confirmation.

Bitcoin Stability and Opportunities for Altcoins

Currently, Bitcoin (BTC) is still holding above $105,000. As long as BTC.D does not break below 62% decisively, Bitcoin will still dominate the market. However, altcoin markets, such as Ethereum (ETH) which has increased its market share to 9.6%, may soon get a chance to shine.

The crypto market is constantly evolving and the dynamics between Bitcoin and altcoins are always interesting to follow. Analysis such as that delivered by Severino provides insight into how price movements and market dominance might play out in the future.

Conclusion

With the current situation, investors and market watchers should remain vigilant to the changes that may occur in the crypto market. Understanding the dynamics between Bitcoin and altcoins will be crucial in determining the right investment strategy in the future.

Also Read: Is Dogecoin (DOGE) Due for a Decline? Descending Triangle Pattern Indicates This

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Bitcoin Dominance Reverse at 64%. Accessed on June 5, 2025
• Featured Image: Generated by AI