{"id":13677,"date":"2025-02-18T13:17:42","date_gmt":"2025-02-18T13:17:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13677"},"modified":"2025-02-18T13:17:42","modified_gmt":"2025-02-18T13:17:42","slug":"heres-how-a-high-bitcoin-dominance-can-trigger-a-strong-altseason","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13677","title":{"rendered":"Here\u2019s How a High Bitcoin Dominance Can Trigger a Strong Altseason"},"content":{"rendered":"
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Based on past market data, the altcoin season starts when Bitcoin\u2019s dominance begins to drop. This shows that crypto traders have begun withdrawing their capital from BTC and investing in other digital assets.<\/p>\n

The past few months have seen investors anticipate a significant decline in Bitcoin\u2019s dominance to signal the onset of the next altseason; however, the opposite has been the case \u2013 the metric has been on the rise. In an interesting turn of events, pseudonymous market analyst Rekt Capital has explained<\/a> how a higher Bitcoin dominance increases the chances of a strong altseason.<\/p>\n

Bitcoin Dominance is Rising<\/h2>\n

At press time, Bitcoin accounted<\/a> for 60.2% of the total crypto market share, according to data from CoinMarketcap. Ethereum held 10.3% of the total market share, while the rest of the cryptocurrencies accounted for 29.5%. Notably, Bitcoin\u2019s dominance is up<\/a> 2.64% in the past few days, while Ethereum\u2019s and others have plunged considerably.<\/p>\n

According to Rekt Capital\u2019s analysis, every time Bitcoin\u2019s dominance breaks into the 58%-71% macro range, it will touch the 71% top. Also, every time the metric gets as close as possible to 71%, it experiences a harsh rejection that triggers a strong downward trend, enabling a strong altseason<\/a>.<\/p>\n

Rekt Capital said this occurrence has been recorded three times historically, indicating that it is likely to be the case this time. Although Bitcoin\u2019s dominance could top before 71%, the analyst said it is important to evaluate ways in which it could get close to the mark, but it still falls slightly short.<\/p>\n

Higher Dominance, Stronger Altseason<\/h2>\n

Currently, there is a weekly timeframe that portrays a potential scenario where a declining black diagonal resistance is developing. Rekt Capital said that Bitcoin\u2019s dominance has historically tended to upside this trendline by 1.58% to 4.58%. This means the declining trendline could cause<\/a> the metric to deviate to the upside and reach at least 67% or 69% before falling.<\/p>\n

The endpoint remains that the higher the dominance is, the bigger the chance of a strong altseason.<\/p>\n

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\u201cUltimately, this is what is important to remember: It is not about trying to nail the absolute Bitcoin Dominance top. It\u2019s about understanding the core principle that the closer and closer Bitcoin Dominance gets to 71% in this cycle. The stronger and stronger the possibility of an extensive collapse in Bitcoin Dominance becomes to finally enable a strong altseason,\u201d Rekt Capital insisted.<\/p>\n<\/blockquote>\n

The post Here\u2019s How a High Bitcoin Dominance Can Trigger a Strong Altseason<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Based on past market data, the altcoin season starts when Bitcoin\u2019s dominance begins to drop. This shows that crypto traders have begun withdrawing their capital from BTC and investing in other digital assets. The past few months have seen investors anticipate a significant decline in Bitcoin\u2019s dominance to signal the onset of the next altseason; […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13677","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13677"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13677\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}