Bitcoin's dominance is gradually giving way to a new wave of altcoin, as experts predict a significant drop to 37%-38% by April 2025. Signs from historical patterns suggest that after Bitcoin is rejected at the Fibonacci retracement level of 0.618, the altcoin market could enter a phase of strong boom.
Historic Change: Bitcoin and Altcoin Exchange Dominance
Since 2017, cycles of decline in Bitcoin's dominance have consistently triggered strong growth spurts for altcoin. In 2017, when Bitcoin's dominance fell from 86% to 37%, the market witnessed the emergence of altcoins like Ethereum and Ripple. A similar scenario played out in 2020 when Bitcoin reversed at the Fibonacci level of 0.618, paving the way for another altcoin bull run.
Currently, Bitcoin's dominance stands at 58.3% but has been rejected just below the 60% mark, setting the stage for a new decline. According to analysts, the 140-day window for altcoin is expected to begin at the end of 2024, promising significant changes in the market.
Q1/2025: A New Era for Altcoin
Analysis from CryptoBullet emphasizes that Q1 2025 will be a peak time for altcoin as Bitcoin's dominance wanes and factors like decentralized finance (DeFi) and blockchain improvements drive demand. The most recent decline of Bitcoin in 2021 saw record trading volumes of $57 trillion. The upcoming decline is expected to be linked with a volume of $17.66 trillion, signaling a highly dynamic market cycle.
Not only technical factors but also broader market conditions such as the rise of blockchain adoption and DeFi will play a significant role in this boom.
The Shift is Coming Soon
According to expert CryptoBullet, the rejection at the Fibonacci level of 0.618 last November marked the start of a new altcoin season. With the "golden window" of 140 days opening up, altcoin investors may prepare to seize significant growth opportunities in the near future. However, alongside positive factors, the market still needs to consider fluctuations from the macroeconomic environment and regulatory policies.
Q1 2025 promises to be a pivotal period, marking a significant shift in the balance of power between Bitcoin and altcoin. Could this be the golden moment for altcoin to rise and assert its position? The answer will be revealed in the coming months.
The article "140-Day Window: A Golden Opportunity for Altcoin as Bitcoin's Dominance Faces Decline" first appeared on Crypto News Land.