Some analysts suggest that a new altcoin season may be starting in the market after a significant decline in Bitcoin dominance and confirmed RSI signals.
Decline in Bitcoin Dominance and Altcoin Signals
The recent decline in Bitcoin's dominance, triggered by a breakdown of a rising wedge, has caught the attention of traders. According to Altcoin Buzz, Bitcoin dominance has fallen below key support at around 64.8%, potentially leading to further decline towards 61%. Historical data indicates that drops in Bitcoin dominance often precede an altcoin season.
Confirmation of Altcoin Cycles via RSI
The analysis of RSI in the altcoin market also confirms a possible shift to a new cycle. Analysts noted that the current RSI value was recorded around 36, which is a signal for an impending rise. This RSI level has previously preceded significant altcoin rallies in 2015, 2019, and 2023.
Outlook for Altcoin Traders in 2025
Expert Discover predicts that the current altcoin cycle could yield significant returns, with the potential for asset capitalization to increase by 150x to 175x. Historically, such periods have coincided with peaks in Bitcoin dominance, followed by substantial surges in altcoins.
The altcoin market may be on the verge of significant changes, considering current signals and historical patterns. The next altcoin wave could bring both investment opportunities and risks.
