Bitcoin Dominance Drops Below Key Support as Altcoin Season Index Holds Strong

Bitcoin’s dominance has fallen below key support levels, signaling a potential shift in market momentum. The Altcoin Season Index currently stands at 67, indicating that altcoins have outperformed Bitcoin over the past 90 days. Recent analysis suggests this trend may continue as Bitcoin dominance continues to consolidate near 55%. Experts are observing the formation of an ascending broadening wedge pattern for Bitcoin’s dominance, which has now broken below its midline support. This indicates a potential decline in Bitcoin’s share and a corresponding increase in altcoin activity.