Bitcoin’s Grip Loosens: Altcoin Season Looms

The cryptocurrency market is experiencing a significant shift as Bitcoin dominance ($BTC.D) shows a clear trend reversal, signaling potential gains for alternative cryptocurrencies (altcoins). Recent monthly candle charts indicate weakening Bitcoin strength, with two consecutive red candles suggesting capital rotation away from Bitcoin towards alternative coins. This downward movement in Bitcoin dominance often precedes an increase in altcoin prices.