{"id":3635,"date":"2025-03-23T05:11:10","date_gmt":"2025-03-23T05:11:10","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/bitcoin-dominance-to-peak-at-68-altcoin-season-incoming\/"},"modified":"2025-03-23T05:11:10","modified_gmt":"2025-03-23T05:11:10","slug":"bitcoin-dominance-to-peak-at-68-altcoin-season-incoming","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/bitcoin-dominance-to-peak-at-68-altcoin-season-incoming\/","title":{"rendered":"Bitcoin Dominance To Peak At 68% \u2013 Altcoin Season Incoming?"},"content":{"rendered":"

Amidst the ongoing consolidation in the crypto market, an analyst with X pseudonym cryptododo7 has observed certain developments with the Bitcoin dominance that could spell significant implications.\u00a0<\/p>\n

Bitcoin Dominance Climbs Higher As Altcoins Prepare For Takeoff<\/strong><\/h2>\n

In a recent X post<\/a> on March 21, cryptododo7 shared a technical analysis on the Bitcoin Dominance chart hinting at a possible altseason. The crypto analyst noted that Bitcoin Dominance may be poised for a sustained uptrend following a breakout and successful retest of a bullish pennant formation at the 61.25% level.<\/p>\n

Generally, the bullish pennant forms after a strong upward price movement as seen in early 2025 in the chart below. This price surge (known as the flagpole) is followed by a consolidation phase in which price movements make higher lows and lower highs thereby forming a symmetrical triangle i.e. the pennant.<\/p>\n

\"Bitcoin<\/p>\n

With a successful breakout and retest of the bullish pennant, Bitcoin Dominance has confirmed expectations of a major surge, with Cryptododo7 predicting a potential target of 67.51%. However, the crypto analyst cautions that this rise may not signal a market-wide rally,\u00a0 as Bitcoin Dominance may surge alongside a decline in Bitcoin and altcoins\u2019 price.<\/p>\n

Albeit, the analyst further states this projected dominance top of 67.51% will potentially represent the peak of Bitcoin Dominance in this bear market, signaling a possible altseason. The altseason, which is a prominent period in the crypto market cycle, is marked by altcoins\u2019 outperformance of Bitcoin which is confirmed by a decline in Bitcoin Dominance.<\/p>\n

Certain analysts have $627 billion.\n<\/p>\n

MACD Curl Hints At Possible Reversal – More Positives For The Altseason?<\/strong><\/h2>\n

In other developments, X platform MoreCryptoOnline reports<\/a> the Weekly MACD (Moving Average Convergence Divergence) of the total crypto market cap (excluding the top 10 coins) is beginning to curl upwards indicating a potential bullish shift in the altcoin market.
\n
\n<\/strong>For context, the MACD is a commonly used momentum indicator that helps identify potential trend reversals. And while this signal suggests a possible shift, it remains an early-stage confirmation of the altseason.<\/p>\n

\"Bitcoin<\/p>\n

At press time, the total crypto market capitalization stands at $2.76 trillion, with Bitcoin accounting for $1.67 trillion of this value. Meanwhile, the CoinMarketCap Altseason Index sits at 21, suggesting that an altcoin boom is not yet imminent.\n<\/p>\n

\"Bitcoin<\/p>\n","protected":false},"excerpt":{"rendered":"

Amidst the ongoing consolidation in the crypto market, an analyst with X pseudonym cryptododo7 has observed certain developments with the Bitcoin dominance that could spell significant implications.\u00a0 Bitcoin Dominance Climbs Higher As Altcoins Prepare For Takeoff In a recent X post on March 21, cryptododo7 shared a technical analysis on the Bitcoin Dominance chart hinting…<\/p>\n","protected":false},"author":1,"featured_media":3636,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60],"tags":[605,65,606,70,71,1631,1825,2038],"class_list":["post-3635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-altseason","tag-bitcoin","tag-bitcoin-dominance","tag-btcusd","tag-btcusdt","tag-bullish-pennant","tag-cryptododo7","tag-weekly-macd"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=3635"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3635\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/3636"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=3635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=3635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=3635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}