Bitcoin’s Bored? Altcoin Season Looms as BTC Dominance Hits Resistance—Is Drama Incoming?

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Well, well, well, if it isn’t Bitcoin Dominance shoving its way back into the limelight—hovering with the quiet subtlety of a foghorn around that 64.7% resistance in the High Time Frame (which is, of course, simply crypto speak for “delighting in drama”). Naturally, analysts everywhere are clutching their monocles and musing over what shenanigans 2025’s altcoin season might hold.

Bitcoin Dominance: A-Hem, Please—There’s Resistance About

After three years of behaving like an overzealous debutante at her first ball, Bitcoin Dominance is once again insisting it’s the belle of the blockchain. Enter Gert van Lagen—keen-eyed analyst and occasional soothsayer—who’s unearthed an awkward bit of déjà vu in the charts. It seems our dear Bitcoin has risen with all the elegance of a soufflé that’s about to collapse.

Mr. van Lagen, never one to miss out on a party, points to an ominous confluence of bearish signs—a spectacular callback to 2021, when capital flitted away from Bitcoin faster than guests from a tedious soirée. The dominance chart is sporting a rather alarming ‘rising wedge’ pattern, which, if memory serves (and it usually does at cocktail hour), is a sign that the market’s simply exhausted and in dire need of a stiff drink—or possibly a reversal.

For those keeping score at home, this wedge is stupendously perched in the very same resistance zone that saw BTC.D peak in the past. Oh, history, you do love an encore.

As if the drama weren’t enough, the Relative Strength Index (RSI) is now flashing a regular bearish divergence. Picture Bitcoin Dominance prancing ever upward, while RSI sullenly sulks in the corner, refusing to keep up. This little routine played out with breathtaking theatricality back in 2021, setting the stage for collapse—and cueing altseason’s grande entrance. 🕺

Should we be moved to believe in trends, we may be circling another pivotal moment. Lagen, ever the poker-faced party guest, warns the true top in Bitcoin Dominance may only announce itself once the uptrend falters—at which point all eyes will conveniently swivel towards those altcoins yearning for their dance under the disco ball.

On the margins, other learned folk—one Ijaz Awan, for instance—have piped up on X (for the uninitiated, that’s the artist formerly known as Twitter). BTC.D, they say, is tip-toeing ever closer to the 71-73% resistance zone—a range that has, in years past, said, “That’s quite enough, thank you.” If history is about to repeat itself for the third time, one mustn’t be surprised if the altcoin season sashays in on cue.

Altcoin Season: Dawning or Just Dawdling?

With all the solemnity of an astrologer peering at Mars, Lagen proclaims a dawning of altcoin season—and others in the peanut gallery cheer along. Apparently, Bitcoin’s Dominance is now the canary in the gold mine, warbling about “impending” this and “seasonal” that.

Karman Asghar—trader, analyst, and chart enthusiast—shared on X not one but two side-by-side masterpieces: 2021 and 2025, both show Bitcoin Dominance attempting the rare double-top, with RSI looking about as bored as an aristocrat at a provincial fête. 📉

Of course, bearish divergences aren’t an engraved invitation to riches, but the spectacle, when blended with a dash of history, lends considerable credibility to the whispers that the next major altcoin season may be just a breathless hair’s breadth away. And if not, well, there’s always next year’s garden party… or existential crisis.

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2025-05-08 09:04