The Analyst Predicts a Significant Drop in Bitcoin Market Dominance – BitRss – Crypto World News
Coin-Turk 15 minutes ago 35
A cryptocurrency analyst forecasts a sharp decline in the Bitcoin $94,270 Market Dominance Index over the next 15 weeks, anticipating the start of an altcoin bull run in the first quarter of 2025. The altcoin season refers to a phase where capital flows from Bitcoin to altcoins, resulting in explosive growth within cryptocurrency tokens. This period may present significant opportunities for cryptocurrency traders.
When Will the Alt Season Begin?
According to the popular cryptocurrency analyst “CryptoBullet,” the altcoin season has already begun with Bitcoin’s dominance rejecting the 161.8% Fibonacci extension level. Based on historical data, the expert notes that altcoins are likely to experience a surge shortly after this dramatic decline in dominance.
CryptoBullet explains that this decline has already started and that the first quarter of 2025 will be “epic.&…
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