- Bitcoin Dominance prepares to hit another higher high.
- The price of BTC could hit several new high before BTC Dominance falls.
- The fall could finally trigger the start of altseason peak phase.
The crypto market has been awaiting patiently for a bullish altseason to arrive since the Bitcoin Halving event took place last year. Since then, however, altseason has been delayed, and Bitcoin Dominance still holds strong. One analyst observes a signal that suggests Bitcoin Dominance prepares to hit another higher high before finally heading down and opening the doors for altseason.
Bitcoin Dominance Prepares to Hit Another Higher High
This ongoing bull cycle seems to be one filled with surprises and many seasoned analysts seem surprised by changing patterns. The biggest being that Q1 of 2025 failed to usher in the peak of the altseason phase. Historically, every Q1 following a Bitcoin Halving year has always led to the peak of the altseason. However, this year, it seems that altseason has been delayed.
The delayed altseason has led many analysts to believe that the 4-year bull cycle blueprint is no longer in play. If the 4-year bull cycle is obsolete, then analysts must find other patterns leading to closer looks at price charts and technical analysis. One analyst has been keeping a close eye on the Bitcoin Dominance chart instead. After all, altseason can only arrive when BTC Dominance collapses, giving altcoins the chance to rise.
As for when altcoin Dominance will take over, analysts believe this will happen only when the price of Ethereum goes on to set a new ATH and trigger altseason. In fact, many analysts believe that only once ETH begins to pump can it usher in this bull cycle’s altseason. So far, Bitcoin Dominance has managed to hold despite the many market corrections and BTC price dips. This mirrors the sentiment that Bitcoin has yet to hit more ATH prices in the coming peak bull market phase.
As we can see from the post above, the analyst marks how in the BTC Dominance 1-day chart, Bitcoin is preparing to hit another higher high before finally collapsing. He expects the December low BTC Dominance record to be broken. This event will likely trigger the start of the altseason. Having said that, the analyst says nothing bout when and how high BTC price will go in relation to this BTC Dominance outlook.
BTC Whales Prepare for a Greater Bitcoin Price Surge
Meanwhile, big BTC whales seem to be preparing to hold Bitcoin for a longer term, as one BTC whale activity shows that a wallet that was dormant for 2 years has suddenly withdrawn 100 BTC worth $8.33 million from Binance an hour ago. This could depict how BTC whales are keeping their BTC off exchanges meaning they exect to want to be in full control over their assets for what’s to come next.
