• Bitcoin dominance at 63% shows signs of exhaustion, signaling potential market shifts for altcoins.
• High-cap altcoins struggle with failed support, while low and mid-cap coins show promising gains.
• A full altcoin season remains unlikely, despite Bitcoin’s overbought condition and market fragility.

Bitcoin dominance —BTC.D, has recently surged to a critical 63% resistance level, signaling the end of a powerful rally. But after weeks of impressive gains, signs are starting to emerge that BTC.D may be running out of steam. As this shift occurs, altcoin investors need to carefully consider their strategies. Is this the moment to reassess portfolios and prepare for a potential altcoin resurgence?

The Current Situation: What’s Happening with Bitcoin?

Bitcoin dominance’s recent action has caught the attention of many traders. The Relative Strength Index (RSI) is showing a deeply overbought condition, raising the likelihood of a corrective move. Combined with the bearish crossover on the MACD, these signals suggest that BTC.D is facing increased selling pressure. As BTC.D tests that key 63% level, many investors are wondering if Bitcoin is about to experience a pullback.

In the past, these technical signals often led investors to move capital into riskier assets. This has usually given altcoins a chance to rise as Bitcoin’s dominance starts to fade. However, we still haven’t seen clear signs of a local top yet. While Bitcoin has managed to stay strong despite ongoing macroeconomic challenges, high-cap altcoins are having a tough time finding stability and gaining momentum.

Time to Shift Focus on Altcoins?

Even though Bitcoin dominance is in an overbought territory, some altcoins are starting to stand out. According to CoinMarketCap’s monthly gainers chart, low and mid-cap altcoins are beginning to make a mark. For instance, Four (FORM) has rallied by an impressive 194.19%, reaching $2.10. This surge suggests growing speculative interest and liquidity flowing into smaller altcoins.

Additionally, mid-cap coins like EOS (EOS), OKB (OKB), and Cosmos (ATOM) have seen notable gains, each maintaining market caps above $1 billion. These coins are helping to show that there is participation beyond Bitcoin’s dominance. But the picture isn’t all positive. High-cap altcoins continue to face distribution pressure, with some of them, such as Cardano (ADA), facing significant drawdowns.

While some altcoins are starting to decouple from Bitcoin dominance, the momentum still isn’t strong enough to suggest a full-blown altcoin season. The current market dynamics reflect a fragile balance, and it remains unclear whether capital will truly rotate away from Bitcoin.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed