Renowned market analyst Henrik Zeberg is forecasting a steep decline in Bitcoin’s dominance—a move he believes will mark the final leg of the ongoing crypto bull market.
The prediction, shared in a livestream with Crypto Banter’s Ran Neuner, points to a significant shift in market dynamics as altcoins prepare to outperform.
Zeberg’s chart analysis highlights a clear five-wave pattern culminating in what he identifies as an “expanding diagonal,” signaling the end of a broader corrective structure. According to his technical projection, Bitcoin dominance could fall sharply toward the 30% range, with a possible dip as low as 24%, a level not seen since early 2018.
Currently, Bitcoin is trading at $118,223 with a modest weekly gain of 0.30%, and a total market capitalization of $2.35 trillion. Despite its strong price position, Zeberg’s model suggests that the dominance of Bitcoin is poised to weaken as capital rotates into other digital assets.
What It Means
If Zeberg’s thesis proves correct, this phase could mirror historic altcoin seasons, where assets like Ethereum, Solana, and smaller-cap tokens significantly outpace Bitcoin. Investors and traders may look to diversify their holdings to capitalize on potential outsized gains in the altcoin space before the bull market winds down.
Source: https://coindoo.com/crypto-bull-run-entering-final-phase-as-bitcoin-dominance-weakens/