Bitcoin Dominance Delays Altcoin Season: What History Tells Us

Crypto analysts are eyeing the possibility of an altcoin season in the coming months, based on historical Bitcoin dominance trends. The leading cryptocurrency’s market share has been steadily climbing, delaying a potential altcoin rally. Historically, major altcoin rallies have followed significant surges in Bitcoin dominance. In 2016, 243 days after the Bitcoin halving, BTC dominance […]

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Bitcoin Dominance Delays Altcoin Season: What History Tells Us

  • The altcoin market is expected to rally in late 2024 or early 2025.
  • Based on historical trends, increasing Bitcoin dominance is followed by altseason.
  • X users stated that no significant development will be seen before Q4.

Crypto analysts are eyeing the possibility of an altcoin season in the coming months, based on historical Bitcoin dominance trends. The leading cryptocurrency’s market share has been steadily climbing, delaying a potential altcoin rally.

Historically, major altcoin rallies have followed significant surges in Bitcoin dominance. In 2016, 243 days after the Bitcoin halving, BTC dominance fell to 63%, sparking a substantial altcoin season. A similar pattern emerged in 2020, with Bitcoin dominance dropping to 47% 245 days post-halving, triggering another altcoin surge.

More than 90 days have passed since the 2024 Bitcoin halving, yet Bitcoin dominance remains high at 53.9%, according to CoinMarketCap data. Crypto enthusiast “CryptoBusy” suggests an altcoin season may not materialize until Q4 2024 or early 2025.

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