#Bitcoin Dominance: A Pre-Altseason Echo?

$BTC Dominance is showing intriguing signals that mirror patterns we’ve seen before, specifically during the period leading up to the last altseason. 

1⃣ Key Levels
Resistance: 
59.18% (1.618 Fib), a critical level where dominance could face rejection.
Support: 
58.01% (Pivot P) is holding strong, providing the foundation for the current consolidation.
Mid-Term Target:
54.33%, which aligns with the level of dominance decline observed in the last altseason lead-up.

2⃣ Comparing to the Past 
In the previous cycle, we observed a similar consolidation near key resistance levels before BTC.D started its gradual descent. This decline marked a capital rotation from #Bitcoin into #Altcoins , signaling the onset of an explosive altseason.

What makes the current scenario similar:
The dominance is approaching a high-confluence Fib level, which acted as a resistance point in the past.
BTC.D has been range-bound, showing signs of fatigue at its current highs.
While Bitcoin remains bullish, altcoins are starting to see inflows, often a precursor to dominance breakdowns.

3⃣ What’s Next?
Bullish Scenario:
If dominance breaks above the 59.18% resistance and sustains momentum, Bitcoin could continue to absorb capital, delaying altseason.
Historically, such a move leads to further Bitcoin price surges.
Bearish Scenario:
A rejection from the 59.18% resistance could initiate a drop toward 58% or even 54.33%.
This would likely ignite altseason as capital flows shift from Bitcoin into altcoins, a move favored by risk-on sentiment in the crypto market.

4⃣ Insight:
The 54.33% level could serve as a critical pivot for confirming whether altseason is truly underway. Pair this with liquidity activity across altcoins and observe inflows into smaller-cap assets.
#Bitcoin #BTC