{"id":71627,"date":"2025-06-04T16:00:24","date_gmt":"2025-06-04T16:00:24","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=71627"},"modified":"2025-06-04T16:00:24","modified_gmt":"2025-06-04T16:00:24","slug":"certified-analyst-says-bitcoin-dominance-could-reverse-at-64-is-it-time-for-altcoin-season","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=71627","title":{"rendered":"Certified Analyst Says Bitcoin Dominance Could Reverse At 64% \u2013 Is It Time For Altcoin Season?"},"content":{"rendered":"

Bitcoin\u2019s current price action is marked by a consolidation around the $105,500 price level. Although it reached an intraday high of<\/a> $106,807, it has since returned to $105,500, and its dominance also witnessed a minor fall. Notably, Bitcoin\u2019s dominance metric, the BTC.D, which measures its share of the total crypto market capitalization, has stalled around the 64% level in recent weeks. <\/p>\n

This stalling behavior drew attention from a certified market analyst, especially in light of many altcoins struggling to gain momentum in an environment dominated by Bitcoin\u2019s inflow.<\/p>\n

BTC Dominance Hits Resistance, Candlestick Flash Warnings<\/h2>\n

According to certified<\/a> Level III CMT analyst Tony \u201cThe Bull\u201d Severino, the 64% region on the Bitcoin Dominance (BTC.D) chart could mark a meaningful reversal point. <\/a>Sharing his insights alongside a technical chart of Bitcoin\u2019s market cap dominance on the monthly timeframe, Severino pointed out that the latest monthly candlestick formed a Doji right at the bottom of a previous Falling Window.\u00a0<\/p>\n

In Japanese candlestick theory, such \u201cwindows\u201d are not just gaps to be filled but serve as critical zones of support or resistance. The fact that BTC.D formed a Doji candle precisely at this window, according to Severino, is a textbook reaction suggesting the dominance rally may be losing strength.<\/p>\n

This candlestick structure brings the focus onto how the current monthly candlestick plays out. If the current monthly candle becomes an Evening Star candlestick and closes below 62%, the odds of Bitcoin dominance rolling over increase significantly.\u00a0<\/p>\n

Altcoin Season Not Quite There Yet<\/h2>\n

As noted by Tony, if Bitcoin\u2019s dominance candlestick this month forms an Evening Star pattern and closes below 62%, it has a high possibility of marking the end of<\/a> the cryptocurrency\u2019s current dominance. However, the analyst added a key caveat: the BTC.D Relative Strength Index (RSI) closed the previous month above 70, still suggesting strong momentum and keeping the larger trend in flux.<\/p>\n

Despite these early signals, Severino warned against jumping the gun<\/a>. Although the technical evidence points to a possible short-term reversal in dominance, he clarified that it does not necessarily guarantee a full-fledged altcoin season. In his words, \u201cI am still not of the mindset that we will get a typical altcoin season, but I am seeing some of the first signs that BTC.D might reverse here.\u201d<\/p>\n

For now, Bitcoin continues to hold steady <\/a>above $105,000, and until BTC.D breaks convincingly below 62%, the cryptocurrency is in dominance. Nonetheless, the altcoin market could soon be looking at its first real window of opportunity<\/a> in months.<\/p>\n

At the time of writing, Bitcoin is trading at $105,500, down by 0.1% in the past 24 hours. Bitcoin dominance is currently at 63.1%, down by 0.57% in the past 24 hours. Ethereum, on the other hand, increased its market share by 2.13% to 9.6%.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s current price action is marked by a consolidation around the $105,500 price level. Although it reached an intraday high of $106,807, it has since returned to $105,500, and its dominance also witnessed a minor fall. Notably, Bitcoin\u2019s dominance metric, the BTC.D, which measures its share of the total crypto market capitalization, has stalled around […]<\/p>\n","protected":false},"author":0,"featured_media":71628,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-71627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/71627"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=71627"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/71627\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/71628"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}