Bitcoin Dominance Pump Won’t Last Long
Bitcoin dominance is rising again, but this fakeout might soon end. Altcoins could surge once BTC dominance drops below 59%.
- Bitcoin dominance is seeing a short-term pump.
- Analysts expect a reversal once it drops below 59%.
- Altcoins may rally strongly after the reversal.
Bitcoin dominance, which measures BTC’s share of the total crypto market cap, is currently on the rise. Some traders are calling this uptick a fakeout pump, implying it may not sustain for long. Historically, such short-lived dominance spikes often lead to stronger movements in the altcoin market shortly after.
The recent push above the 59% dominance level has triggered caution among altcoin holders. However, crypto experts believe this could be a trap — designed to shake out weak hands before a major altcoin rally.
Why 59% Is a Critical Threshold
The 59% mark is being watched closely by many analysts. It’s seen as a psychological and technical barrier. If Bitcoin dominance falls below this level again, it could trigger a chain reaction in the market, with capital flowing rapidly into altcoins.
In past cycles, similar setups have resulted in explosive gains for altcoins. Traders are eyeing this level as the tipping point for the next altcoin season.
Get Ready for the Altcoin Rally
As Bitcoin dominance shows signs of exhaustion, the focus is shifting to the altcoin market. Coins with strong fundamentals and upcoming developments are especially in the spotlight.
If the expected dip in BTC dominance materializes, altcoins could outperform Bitcoin significantly in the coming weeks. Traders should watch closely — the breakout moment for alts could arrive faster than expected.
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- Openbank Launches Bitcoin Trading in Germany
