Bitcoin Dominance Weakening, Altseason Looms as MACD Signals Bearish Shift

Bitcoin dominance is experiencing a decline, with analysts anticipating an impending ‘altseason’ driven by increased capital flow towards alternative cryptocurrencies. A bearish crossover on the monthly MACD indicator suggests a momentum shift away from Bitcoin toward altcoins, mirroring historical patterns observed in previous cycles. 2021 provides a compelling example: Ethereum surged over 600% during that period as dominance declined, signifying the potential for another substantial market rotation.