Bitcoin’s Bearish MACD Cross Signals Altseason Potential

Bitcoin dominance has crossed bearish on the MACD, signaling a potential shift in market sentiment towards altcoins. The Altcoin Season Index climbed from 36 last week to 47, nearing neutral territory. This rise coincides with a significant increase in the total altcoin market capitalization, exceeding $1.7 trillion since June. Data from historical cycles highlights the correlation between bearish Bitcoin dominance and subsequent altcoin rallies.