Bitcoin’s Reign: Altcoins Beg for Mercy Until 71% Dominance

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Ah, the crypto market—a circus where Bitcoin is the ringmaster, and altcoins are the clowns tripping over their own shoes. Bitcoin’s dominance has soared to heights not witnessed in nearly four years, leaving altcoins gasping for air. Rekt Capital, a trader and analyst who seems to enjoy crushing dreams, has declared that altcoins are barely clinging to life. Bitcoin’s market cap dominance recently peaked at 64.3% before settling at a cozy 61%. 🎪

While Bitcoin struts around like a peacock, unfazed by the economic chaos, investors are left scratching their heads, wondering if altcoins will ever rise from the ashes. But Rekt Capital, ever the bearer of bad news, insists that the bottom for Bitcoin dominance was already hit in early December, when it dipped below 55%. “That was the Bitcoin Dominance bottom,” he proclaimed, effectively slamming the door on the mini Altcoin Season of late 2024. Since then, Bitcoin’s dominance has surged by 6%, leaving altcoins in the dust. 🦚

Altcoins: The Eternal Underdogs

While some traders cling to the hope of a quick altcoin revival, Rekt Capital has a reality check: a true alt season won’t return until Bitcoin’s dominance climbs another 16%. Yes, you heard that right—Bitcoin needs to hit 71% dominance before altcoins can even dream of a comeback. “If history repeats, the real Altseason everybody is waiting for would begin once Bitcoin Dominance rejects from 71%,” he explained, pointing to a red line on his chart like a grim reaper of crypto dreams. 📉

Not everyone is on board with this doom-and-gloom narrative. The trader Titan of Crypto, who probably has a flair for the dramatic, pointed out that Bitcoin dominance at 64% is “highly bearish” for the market. He even spotted a Gravestone Doji pattern on the dominance chart—a rare formation that could hint at a shift in favor of altcoins. Meanwhile, Stockmoney Lizards, a trading resource with a name that sounds like a rejected Pokémon, suggests that Bitcoin’s dominance is fueled by post-halving euphoria, ETF-driven demand, and, of all things, Donald Trump’s proposed strategic Bitcoin reserve. 🦎

“There are several factors contributing to the heavy underperformance of Altcoins vs. Bitcoin,” the firm stated, listing everything from ETF buying to Trump’s crypto fantasies. And let’s not forget Ethereum, the second-largest cryptocurrency, which has been stuck in a multiyear downtrend against Bitcoin, further cementing Bitcoin’s dominance. 🏰

Hope Springs Eternal (Maybe)

Amid the gloom, Cryptowzrd, an analyst with a name that sounds like a wizard’s alias, offers a glimmer of hope. He suggests that altcoin season might be on the horizon, potentially starting as early as March 2025. His chart, published on February 3, highlights a recurring historical pattern in the OTHERS/BTC ratio, eerily similar to past altcoin bull runs. 🧙‍♂️

Cryptowzrd points to the Higher Low Trendline, which was recently retested. Previous breakouts from this level have sparked major altcoin rallies—like in February 2017 and January 2021. Now, in February 2025, the OTHERS/BTC ratio has bounced off this critical level once again, potentially setting the stage for another altcoin rally. Adding to the drama, Cryptowzrd incorporates Elliott Wave Theory, completing a corrective wave (1-5) that signals a potential upward move. So, if you’re wondering what crypto to buy now, Bitcoin might be the safer bet—for now. But when its dominance peaks, that’s your cue to dive into altcoins. 🎢

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2025-02-06 19:00