Bitcoin reached its sixth consecutive all-time high in the past two days, reaching beyond $118,600 on July 11. Over the past two days, BTC (BTC) has surged roughly 6%, reaching six consecutive all-time highs after breaking through the $110,000 range…

Bitcoin smashes ahead with 6th ATH in less than two days

Bitcoin’s price is holding firm despite growing chatter about the end of its 
market dominance. However, analysts are turning their attention not to 
Bitcoin’s price but to its waning market share as signs that altcoins may 
finally be ready to take center stage in what could become a full-blown 
altcoin season. A post on X has highlighted a specific breakdown structure in 
BTC dominance, which is linked to nine factors indicating that the altcoin 
season has begun. Technical Factors Showing Fall Of Bitcoin Dominance 
According to the analyst, Bitcoin dominance reached a peak of exactly 66% on 
June 27, 2025, a date he calls significant for its esoteric code 434 and its 
occurrence on a new moon. From a technical perspective, the 66% mark coincided 
precisely with the 0.786 Fibonacci retracement level, a region many traders 
consider a reversal zone. More importantly, several warning signals are 
flashing for Bitcoin traders. Related Reading: Altcoin Season Not Remotely 
Close, Bitcoin Dominance Still Too High: Market Expert Says The analyst&#8217;s post 
on the social media platform X features a few price charts to emphasize how 
the Bitcoin dominance might be fading, alongside nine factors. From a purely 
technical lens, the dominance chart looks increasingly exhausted. The first 
factor is the most recent highest monthly RSI in the history of the Bitcoin 
dominance chart. This event has created an overbought condition, and the next 
outlook is a possible crash of the RSI. The MACD, in fact, has already crossed 
into bearish territory. Furthermore, the histogram has turned negative, and 
the faster line has moved below the slower one, which is a classic signal of 
an impending downtrend. Another interesting factor is that Bitcoin dominance 
has now broken a key diagonal support line that held firm through much of 2024 
and 2025, which is another possible structural breakdown. Fundamental Factors 
Show Strong Rotation Into Altcoin Pairs While the technical picture is 
deteriorating, the fundamentals are also stacking in favor of altcoins very 
quickly. The first fundamental factor is the importance of upcoming altcoin 
spot ETFs, which have the possibility to redirect institutional flows from 
Bitcoin into Ethereum, XRP, and others. Related Reading: Time To Forget 
Altcoin Season? Bitcoin Dominance At This Level Is This Only Hope ETFs such as 
the Spot XRP, Dogecoin, and Solana ETFs could rapidly increase inflows into 
the rest of the crypto market, similar to how Spot Bitcoin ETFs caused massive 
inflows into Bitcoin. The analyst also highlighted the likelihood of upcoming 
U.S. Federal Reserve rate cuts, which would tilt market conditions in favor of 
altcoins over Bitcoin. Momentum has also begun to shift in some trading pairs, 
particularly XRP/BTC and ETH/BTC, both of which are showing reversal signs 
from critical levels. The XRP/BTC chart displays repeated failed attempts to 
break above 0.0000215 BTC, a horizontal resistance that has now been tested 
five times on the daily candlestick timeframe chart. At the time of writing, 
the XRP/BTC pair has returned to this level yet again, and based on this 
pattern, any clean breakout here could confirm a decisive rotation into XRP. 
Likewise, Ethereum has begun to recover from long-term oversold conditions 
when measured against Bitcoin. The rounded bottom pattern forming on the 
ETH/BTC weekly chart shows a reversal from undervaluation, which in past 
cycles has caused substantial gains for Ethereum relative to BTC. Featured 
image from Pixabay, chart from Tradingview.com

Bitcoin Dominance Falls: 9 Factors To Watch For That Says The Altcoin Season Has Begun

Earlier this year, our newsroom tapped into a lineup of leading artificial 
intelligence (AI) chatbots to forecast where bitcoin might land by the end of 
2025. With BTC now pushing past its previous record, we decided it was time to 
revisit the experiment for an updated take. From $119,000 to $225,000 Year-End 
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