*Altcoin Season Alert: Bitcoin’s Dominance Faces Breakdown as Altcoins Eye Explosive Rally*

Bitcoin dominance shows a bearish rising wedge pattern, indicating a possible decline.

Altcoins are breaking out of a falling wedge pattern, hinting at a massive rally ahead.

Altcoin Season Index climbs to 45, raising speculation of an upcoming full altcoin season.

The altcoin market is heating up, with a recent 5.7% surge in market cap signaling the start of a potential altcoin season. Ethereum and other major altcoins are primed for big gains as Bitcoin’s grip on the market weakens.

Crypto analyst Ali Martinez has warned of a potential breakdown in Bitcoin dominance, with a rising wedge pattern indicating a bearish trend.

Meanwhile, the altcoin market cap is breaking out of a falling wedge, hinting at a massive rally ahead. Could this be the moment altcoins steal the spotlight?

Bitcoin Dominance To Faces Potential Breakdown

According to a recent tweet by popular crypto analyst Ali Martinez, Bitcoin’s dominance in the crypto market may be on the verge of a breakdown. Martinez pointed out a rising wedge pattern forming in Bitcoin dominance, a bearish signal that often precedes a decline.

This potential shift could have created opportunities for altcoins to gain more market share.

Since the middle of September, Bitcoin has begun to experience a slight price increase, briefly surging past critical levels below $62,000. This price rise also affected its market dominance, but instead of solidifying its position, investors have started shifting their focus to altcoins.