Breaking long-term uptrend may trigger altcoin rally if Bitcoin weakness continues
Bitcoin’s dominance over the crypto market has taken a sharp turn, slipping to 59.2% and breaking below several key technical levels. This decline could be a major turning point, signaling that the long-awaited altcoin rally is about to begin.
Over the past month alone, Bitcoin’s share of the market has fallen from 63.9% as both Ethereum and other altcoins have gained significant ground.
How we got here. This breakdown was the end of a major market battle. Here’s our analysis of the lead-up.
According to Dan Gambardello, Bitcoin dominance recently fell under the 60% psychological barrier and dipped below the green moving average support. It now tests the blue moving average near 59%.
The last time this happened was in November 2024, which led to a brief altcoin surge before Bitcoin regained control. This time, the drop comes after months of consolidation between 59…
