Bitcoin Dominance Nears 71%, Hinting at Potential Altcoin Season Shift

Bitcoin’s dominance is nearing 71%, a level that historically sparked significant altcoin rallies. Analysts are currently observing bearish signals, including RSI divergence and a rising wedge pattern within this resistance zone, suggesting a possible reversal in Bitcoin Dominance. This could open the door to new altcoin opportunities as institutional demand drives BTC.D towards its critical threshold. While recent weeks have seen Bitcoin dominance surge towards levels not witnessed since early 2021, reaching around 65.2%, analysts highlight the crucial resistance near 71%. The upcoming resistance zone has historically marked the start of major altcoin rallies. As a result, many analysts are anticipating a potential shift in the crypto market structure and the beginning of a new altcoin cycle if this resistance is overcome.