Altcoin dominance appears to be stabilizing as analysts observe Bitcoin’s consolidation around 58%, suggesting important levels for potential market changes ahead. Technical indicators reveal a recovery in RSI, accumulation of volume, and a break in the trendline, indicating that altcoin dominance may increase to the range of 0.20–0.25 in the mid-term. Analyst Egrag Crypto highlights Bitcoin dominance at 58.85%, with EMA signals indicating a crucial decision zone for future direction.
The outlook for the altcoin market is indicating structural shifts in relation to Bitcoin, as analysts highlight technical signals that mirror transitions seen in previous cycles. Charts indicate a consistent bottoming process, while Bitcoin dominance trends reveal an important decision point. Analysts Michael van de Poppe and Egrag Crypto present complementary viewpoints, each highlighting critical actions that may influence market dynamics in the months ahead. A pattern that frequently signals upcoming recoveries in the altcoin market. Historical cycles indicate that dominance is increasing from lows around 0.12–0.14, moving back toward the range of 0.20–0.25 before attempting to reach higher levels. The existing volume patterns indicate a comparable accumulation phase. Those declines consistently indicated long-term cycle lows, succeeded by accumulation phases that resulted in widespread recoveries.
Following an extended downturn into mid-2024, dominance stabilized around 0.13, with price action and volume indicating a potential new bottoming process. Volume spikes near support indicate strong buying interest. RSI rising from the mid-20s to the 50–55 range confirms momentum. If the structure remains intact, anticipate a slow increase in shares toward the range of 0.20–0.25. Breaking through a descending trendline and weekly candles finishing above important moving averages indicate a positive shift in structure. Historically, these breaks have often led to prolonged periods of dominance recoveries. Key invalidation stays at 0.12; a significant breach would jeopardize the recovery scenario. Short-term targets align with historical recoveries, and a steady close above trendline resistance boosts the likelihood of altcoins reclaiming market share against Bitcoin.
Bitcoin dominance at 58.85% remains within a rising channel that has been in place since mid‑2022. Resistance levels around 72.78% and 79.30% continue to serve as significant long-term upside indicators. A drop below 55% could potentially speed up the growth of altcoin market share. Traders need to keep an eye on integrity of channels to confirm direction.