Is Bitcoin’s Dominance About to Trigger a Shift in the Crypto Market?

Bitcoin dominance recently reached 62.34%, prompting speculation about a potential break from a tightening rising wedge pattern. This could signal significant changes for the altcoin market and broader crypto landscape. Analysts suggest a breakout could shift dominance, potentially leading to positive growth for other cryptocurrencies. However, bearish signals are present on multiple timeframes, suggesting a potential decline in Bitcoin’s market share.