In the midst of the constant monotheism in the encryption market, an analyst with X Cryptodo7 noticed some developments with Bitcoin’s dominance that may hurry significant effects.
Bitcoin dominance climbs higher with Altcoins ready to take off
In a conversation X post On March 21, Cryptodo7 shared a technical analysis on the Bitcoin dominance chart that hints to altseass possible. The encryption analyst indicated that Bitcoin may be prepared on the continuous upward trend after the outbreak of the formation of an upward banner at the level of 61.25 %.
In general, the forms of the biological flag after a strong upward price movement as shown in early 2025 in the graph below. This price increases (known as the Siyar of Science) follows a standard of unification, as it makes price movements lowest levels higher and higher levels, which constitute a similar triangle, that is, the flag.
With successful outbreaks and re -testing of the biological flag, Bitcoin dominated expectations of significant increase, with Cryptodo7 expect a possible goal of 67.51 %. However, the encryption analyst warns that this height may not indicate a rally at the market level, as bitcoin dominance may decrease as well as a decrease in bitcoin and Qu9.
Although the analyst also states that this expected hegemony of 67.51 % is likely to represent the peak of bitcoin dominance in this bear market, indicating the presence of Altseason is possible. Altseason, a prominent period in the encryption market cycle, is characterized by the performance of Altcoins from Bitcoin, which was confirmed by a decrease in Bitcoin’s hegemony.
Some analysts have Previously struck Below Altseason at the current session, citing a huge increase in Altcoin numbers over the past four years. However, other analysts such as Cryptodo7 are still optimistic, Altseass is likely to follow the increase in the level of Bitcoin’s dominance to 67.51 %. During this period, Altcoins is expected to suffer from huge capital flows that are likely to reach $ 627 billion.
MACD Curl hints to a possible reflection – more positives for Altseason?
In other developments, X Platform Morecryptoonline Reports The weekly MACD (the deviation of the moving average rapprochement) began out of the total maximum encryption market (except for the top 10 coins) in the highest curls, indicating a potential upward transformation in the altcoin market.
For context, MACD is an indication of a common use of momentum helps to determine the possible direction repercussions. Although this reference indicates a possible transformation, it remains a confirmation in the early stage of Altseason.
At the time of the press, the total market value of Crypto is $ 2.76 trillion, as Bitcoin is $ 1.67 trillion of this value. Meanwhile, the Coinmarketcap altseason index is located in 21, indicating that the altcoin mutation is not yet imminent.
