Bitcoin Dominance Rises to 64.5%, Speculation Grows Over Potential Altcoin Season Amid Diverging Analyst Views
The post Bitcoin Dominance Rises to 64.5%, Speculation Grows Over Potential Altcoin Season Amid Diverging Analyst Views appeared on BitcoinEthereumNews.com.
Bitcoin Dominance (BTC.D) recently surged to 64.5%, its highest level in over four years, igniting discussions around potential altcoin opportunities. While some analysts predict a subsequent pullback in BTC.D, market expert Scott Melker advises caution, suggesting that Bitcoin’s ascent is driven by new investments rather than capital rotation. Melker noted that, unlike previous trends, many Bitcoin holders are choosing not to sell their assets to invest in altcoins, indicating that altcoins may need fresh capital to thrive. Bitcoin’s dominance rises sharply, causing speculation over altcoin recovery. Experts suggest it may require new investments for altcoins to flourish. The Impact of Bitcoin Dominance on Altcoin Markets As reported by COINOTAG, Bitcoin Dominance hit its peak of 64.5%, an increase of 11% since the beginning of the year. This significant rise has prompted speculation about the future of altcoins. Bitcoin Dominance Performance. Source: TradingView Many analysts are predicting a potential pullback in BTC.D, particularly as it approaches key resistance levels. Analyst Mister Crypto pointed out the possibilities of a downward movement, stating, “Bitcoin dominance is about to get rejected here. As soon as this happens, altcoins will rally hard!” BTC.D Historical Trends. Source: Mister Crypto Other analysts share these sentiments, suggesting an upcoming shift in the market dynamics. “Bitcoin Dominance is collapsing. Altseason is coming this year. You just need patience,” remarked Merlijn The Trader. However, professionals in the industry remain divided on the timing of any potential altseason. Scott Melker emphasized a critical change in the current cycle, contrasting it with historical patterns where capital moved fluidly between Bitcoin and altcoins. “This time, new money is flowing into Bitcoin from retail, institutions, and even governments – and it’s not trickling down to altcoins. It can’t go from an ETF into a meme,” Melker pointed out. Melker further stressed that the decreased…
Filed under: News - @ April 22, 2025 9:27 am