Bitcoin’s market dominance is showing serious cracks, with one of its sharpest downturns in years signaling a potential shift in the crypto landscape.
According to analyst Master Ananda, this latest breakdown might be the most significant bearish momentum for Bitcoin dominance since early 2021.
Ananda, posting on TradingView, noted that BTC dominance is slipping from a rising wedge pattern — a formation often linked to looming corrections. The move is reinforced by heavy volume, echoing patterns that preceded Bitcoin’s 2021 and 2022 market tops.
At the same time, altcoins are starting to surge. Ethereum and Litecoin have led the charge, while others like Solana, Cardano, and XRP are also building momentum. With BTC consolidating near $120,000 after reaching highs above $123,000, capital is gradually rotating into these alternative assets.
Technical indicators suggest Bitcoin dominance could fall toward the 49% range, a key Fibonacci level. If that plays out, it would signal a continued shift away from Bitcoin and into the broader altcoin market — a potential hallmark of a more mature bull cycle.
Despite a weakening dominance metric, Bitcoin remains highly discussed online. Santiment data shows BTC now accounts for over 40% of all crypto-related social media chatter, hinting at rising retail interest and possible FOMO. While this often aligns with strong tops, the overall market could still have room to run.
If Bitcoin can complete its current consolidation phase, new targets in the $134,000 to $136,000 range remain on the table. But if dominance continues to fall rapidly, a dip back toward $100,000 can’t be ruled out.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/market/bitcoin-loses-market-grip-altcoin-season-on-the-horizon/