Bitcoin’s dominance has experienced a historic decline, falling below the key EMA50 support level and long-term trendline. This breach signals a potential shift in investor sentiment, potentially paving the way for an “Altseason”. Crypto analyst Crypto Patel highlighted this crucial development on TradingView, noting the weekly close below the EMA50 as a rejection from a bearish retest, further solidified by the long-term support trendline being broken. 247-bar chart patterns suggest that Bitcoin’s dominance could plummet towards 48-40% – a zone historically associated with explosive altcoin rallies. This decline has sparked speculation about an impending altcoin surge.