Changes in dominance often signal whether altcoins can breathe or get suppressed, making technical levels more significant than ever.

Strong Reaction From the Order Block Zone

The previously identified bullish order block has delivered. Bitcoin dominance received strong buying support from this area and has resumed its upward momentum. This move is shaping market expectations and risk perception across the board.

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If the current support holds, dominance may rise toward the 65.38% level — a scenario that favors Bitcoin’s continued market leadership.

Breakdown Could Signal Retreat

However, the continuation of this trend hinges on that critical support zone. A breakdown below this level could lead to a pullback toward the 62.80% mark. Such a move may offer temporary relief to the altcoin market.

Whether dominance climbs or corrects, its movements carry broader implications for the entire crypto ecosystem. These levels deserve close attention.

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Bitcoin surged above $111,000 on Wednesday, reaching an all-time high, fueled by strong ETF inflows and positive macroeconomic developments. This historic record shows that investor interest in the world’s largest cryptocurrency has returned to its peak. According to analysts, the rise in institutional capital and improved global financial conditions are among the main drivers of this rally. 

Bitcoin has gained more than 18% in value since the beginning of May, largely reflecting the intense demand for spot Bitcoin ETFs listed in the U.S. According to eToro Australia analyst Reece Hobson, net inflows into ETF products this month alone exceeded $2.8 billion. With these inflows, total ETF assets have surpassed $122 billion. Such data indicates growing institutional confidence in Bitcoin and suggests a new momentum across the market. 

When Will Altcoin Season Begin? Clear Signals from Experts 

Analysts emphasize that the rally is driven not only by ETF inflows but also by macroeconomic factors. A weakening U.S. dollar and expectations of interest rate cuts are boosting interest in risk assets. Furthermore, global uncertainty and expansionary policies are also contributing to this trend. Thanks to its limited supply, Bitcoin is seen as a “digital safe haven.” 

Meanwhile, investor interest is gradually shifting toward altcoins. While Bitcoin’s market dominance is increasing, other cryptocurrencies have lagged behind. Despite upgrades, Ethereum has underperformed in this cycle. Although the technical improvements to the network are positive, investor interest has remained limited. On the other hand, Solana (SOL) and Sui (SUI) are showing stronger performance. These projects stand out with scalable architectures and low transaction fees. Their developer communities are also highly active. They are gaining more visibility in DeFi, dApp, and NFT sectors. 

Michael Saylor’s company, Strategy, and Japanese investment firm Metaplanet continue their Bitcoin purchases without slowing down. According to Digital Capital Strategist Jeff Walton, Strategy has purchased 324,000 BTC in the last eight months. This amount exceeds the total Bitcoin holdings of all other publicly traded companies by 105,000 units. eToro analyst Hobson states that two conditions are necessary for alt season to begin: first, more global liquidity; second, Bitcoin dominance reaching 70%. Currently, this figure is between 54% and 60%, meaning alt season hasn’t fully started yet—but signals are increasing. 

Another factor is retail investor interest. In the previous bull run, intense activity was seen on social media and in crypto communities, leading to sharp price movements in altcoins. Although the same momentum hasn’t fully emerged yet, trading volumes are increasing in some altcoins. This shows that retail investors are starting to take positions. 

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Bitcoin Technical Outlook and Key Levels

Bitcoin (BTC) has recovered from its bullish Fair Value Gap (FVG) support zone following its latest correction. After finding demand at this level, the price rallied towards the bearish FVG zone that had formed during the recent decline. For now, Bitcoin seems to be facing rejection from this area.

If buyers manage to reclaim this resistance, the next target will be the $86,641 resistance level. A daily close above $86,641 could open the path toward the higher bearish FVG zone, which will act as the next resistance. On the downside, the current region offers strong support. However, if this support is broken, a deeper pullback toward the $77,000 level could be expected.

Ethereum Under Pressure on the 4-Hour Chart

Ethereum (ETH) has lost the $2,037–$1,927 support zone on the 4-hour chart. Closing below this region does not suggest a positive short-term outlook. If bearish momentum persists, Ethereum could decline toward the $1,745 support level.

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On the other hand, if Ethereum recovers and reclaims the broken support, the next resistance stands at $2,108. A confirmed breakout above $2,108 may lead to a rapid move toward the $2,200–$2,300 price range.

Bitcoin Dominance (BTC.D) Maintains Bullish Momentum

Bitcoin Dominance (BTC.D) has reclaimed the 61.50% resistance level after bouncing from its bullish FVG support zone. It is currently facing resistance at 62.26%, where it has shown signs of rejection in the short term.

If BTC Dominance breaks above 62.26%, there is potential for an extended rally toward the 64% level. However, should the 61.50% support fail, the previously reclaimed FVG support zone is likely to come back into play.

As Bitcoin and Ethereum trade at critical junctures, the next move is likely to determine market direction in the short term. Bitcoin Dominance remains a key indicator to watch, as further increases could continue to suppress altcoin performance. Traders are advised to monitor support and resistance zones carefully to react promptly to potential trend reversals.

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Bitcoin (BTC) Analysis

Bitcoin (BTC) has gained 1.12% in the last 24 hours, reaching $92,150. BTC has regained the $87,500 support and is currently trading within the bearish FVG (Fair Value Gap) region. If this resistance is broken, BTC could push towards the $100,000 level. However, if Bitcoin faces rejection at this zone, the next major support is the bullish FVG region. A breakdown below this support could trigger a further decline towards $85,000.

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Ethereum (ETH) Analysis

Ethereum (ETH) has increased 3.05% in the last 24 hours, reaching $2,350. ETH found strong support in the $2,050 – $1,950 range and successfully reclaimed the $2,150 and $2,200 levels. The next major resistance zone is the bearish FVG region. If this level is surpassed, $2,800 could be the next target. However, if ETH fails to hold above $2,150, a retracement back to the $2,050 – $1,950 support range could occur.

Bitcoin Dominance (BTC.D) and Overall Market Outlook

BTC dominance is currently at 61.80%. The 62.00% resistance level is a crucial zone for further upward movement. If BTC dominance surpasses this level, it could continue rising toward 64.00%. However, if it gets rejected at this resistance, the next support zone will be the bullish FVG area. A break below this level could lead to a decline toward the 59.00% support zone.

The altcoin market remains largely dependent on BTC’s movements. If Bitcoin breaks out strongly, altcoins may experience a downtrend. However, if BTC consolidates within a range, some altcoins could witness significant gains.

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The Bitcoin reserves on Binance, the world’s largest crypto exchange by trading volume, have fallen to levels not seen since January 2024. This decline comes just two months before Bitcoin’s price surged by 90% in March. If Bitcoin follows the same pattern, its current price of $98,680 could reach $187,500 in a few months.

Signals Indicate That Investors Are Confident

The drop in Binance’s Bitcoin reserves below 570,000 BTC, reaching the lowest level since January, typically indicates that investors are moving Bitcoin into cold storage and are optimistic about its long-term price prospects.

At The Time of Publication, Bitcoin’s Price Was $98,680

Binance’s reserves dropped to a similar level in January, and two months later, on March 13, BTC surged to $73,679, marking its highest level at that time.

Darkfrost: “When withdrawal periods occur, it usually signals that positive momentum is building in the markets.”

Bitcoin Dominance Is Hovering Just Below 60%

According to TradingView data, BTC dominance currently stands at 58.4%, just below the critical 60% level.

However, some analysts suggest that the 60% level could signal a broader rotation towards other crypto assets.

On August 18, Into The Cryptoverse founder Benjamin Cowen stated that he believed Bitcoin would make its “final move” toward 60% by December, and this prediction came true two months later on October 30.

At The Time of Publication, Bitcoin Dominance Is At 58.4%

Meanwhile, Bitcoin has struggled to hold above the psychological level of $100,000 since first breaking it on December 5.

Bitcoin’s price has been trading under the $100,000 mark since December 19, after reaching a new high of $108,300 on December 17. According to Ryan Lee, chief analyst at Bitget Research, Bitcoin’s price could exceed $105,000 once liquidity returns after the Christmas holidays.

Lee stated that Bitcoin’s current downtrend is a typical sign of holiday illiquidity.

“Post-Christmas, market activity typically picks up again, with funds expected to actively position for sectors that might benefit from Trump’s upcoming inauguration… The expected trading range for BTC this week is $94,000 – $105,000.”

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As is known, the U.S. elections that took place last week, with crypto-friendly Donald Trump winning, sparked significant movement in the markets. This led to substantial increases in the prices of Bitcoin and many altcoins.

While the rise was limited in some altcoins due to the BTC Dominance effect, Cardano’s (ADA) price saw a substantial increase compared to other altcoins. Over the past few days, Cardano has experienced a 78% price increase, attracting the full attention of investors. ADA’s trading volume also surged by over 1000%, rising from $300 million to $3.3 billion.

Why Is Cardano (ADA) Rising?

Undoubtedly, the main reason for the current surge in the cryptocurrency market is the results of the U.S. elections. After Donald Trump’s victory, Charles Hoskinson, the founder of Cardano, recently announced his intent to collaborate with lawmakers in Washington D.C. to drive the development of the crypto industry.

Following this statement, investor attention turned to Cardano, resulting in increased demand. In the futures market, there has been significant demand for ADA, with open positions reaching 858 million ADA.

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Key Resistance Levels and Market Predictions

The overall market capitalization of altcoins at this point in time is estimated to be around $1.16 trillion, or 15% higher than the previous two weeks, TradingView data showed. This surge has brought the market cap close to the resistance levels of mid-March when it reached $1. 2 trillion.

On the 26th of May, the well-known trader ‘Trader Tardigrade’ provided tips to his 50,000 followers on X, that has hinted at the fact that the altcoin market could triple its total market value if it starts to breakout from an ‘inverse head-and-shoulder pattern’ He also went on to say that ‘it is expected to breakout in the next few weeks based on the pattern.’

In the same way, trader and analyst ‘Rekt Capital’ pointed out that the altcoin market cap is in the process of establishing the highest weekly close since the beginning of April 2024. Technical analyst ‘Yoddha’ was also hopeful, saying, “Expect some insane pump in alts when this breaks above the weekly resistance” in his post on X on May 26. Another analyst with the moniker ‘Moustache’ also had a positive outlook and informed his 120k followers, “Altseason is imminent.”

Bitcoin Dominance Declines as Altcoins Strengthen

In the past, Bitcoin prices have led, then Ether, and finally the rest of the altcoins have tended to follow. This pattern demonstrates how capital is flowing down the chain into lower-cap coins. In the last two weeks alone, the market share of Bitcoin has reduced by 3.7 percent to a level of%53.9, which point further to the improvement of the altcoin markets.

As noted by the MN Trading’s founder Michaël van de Poppe in a post on X on May 25, the recent market correction of around 25% affected altcoins with a 50-70% correction. Van de Poppe stated that this cycle might bring the total market capitalization to $15 trillion, 450% of today’s $2.7 trillion.

The total capitalization of crypto-markets has oscillated in the range of $2. 9 trillion in mid-March and a low of $2.3 trillion on May 1, as per the data available on CoinGecko. This range-bound movement over the last three months has made the ground for further big movements as the market conditions change.

With the altcoin market picking up pace and Bitcoin’s market share declining, the chances of a healthy altseason improve. The market is expected to have much movement in the forthcoming weeks, with analysts and traders on the lookout for the above changes.

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