Among the current consolidation in the cryptocurrency market, an analyst with X pseudonym Cryptododo7 observed some developments with the domain of bitcoin that could write significant implications.
Bitcoin domain climbs higher while the Altcoins are preparing for take -off
In a recent post X on March 21, Cryptododo7 shared a technical analysis on the Bitcoin dominance diagram which hints at a possible Altseason. Crypto’s analyst observed that Bitcoin’s domain could be ready for a tendency to rise following a breakout and success of a success of a formation of bullish banners at a level of 61.25%.
Generally, the forms of bullish bullet after a strong price movement upwards, as seen in the early 2025 in the following table. This increase in prices (known as a flag) is followed by a consolidation phase in which prices movements produce minimums and higher maximums, thus forming a symmetrical triangle, that is, the penny.
With a success and repetition of bullish ventilation, Bitcoin Dominance has confirmed the expectations of an important importance, with Cryptododo7 which provides for a potential objective of 67.51%. However, Crypto analyst warns that this increase may not report a market event, since Bitcoin domain can increase alongside a drop in the price of Bitcoin and Altcoin.
Although the analyst also states that this domain expected at the top of 67.51% will potentially represent the peak of Bitcoin domain in this bears market, reporting a possible Altseason. Altseason, which is a prominent period in the cycle of the cryptocurrency market, is marked by Altcoin’s supperperformance of Bitcoin which is confirmed by a decline in Bitcoin’s domain.
Some analysts previously knocked down the chances of an altseason in the current cycle, citing a huge increase in the altcoin number in the last four years. However, other analysts such as Cryptododo7 remain optimistic by stating that an Altseason will probably follow the wave of Bitcoin Dominance at 67.51%. During this period, Altcoin will be expected to experience huge influents of capital potentially up to $ 627 billion.
Macd Curl suggests a possible revocation: more positive for Altseason?
In other developments, the X MoreCryPtoonline platform reports the weekly Macd (divergence of average mobile convergence) of the market capitalization of cryptocurrencies (excluding the first 10 coins) is starting to enrich itself above indicating a potential bullish change in the Altcoin market.
For the context, the MacD is a commonly used moment indicator that helps identify potential trendy inversions. And while this signal suggests a possible round, it remains a confirmation in the initial phase of the Aldseason.
At the time of the press, the market capitalization of total cryptocurrencies is $ 2.76 trillion, with Bitcoin representing $ 1.67 trillion of this value. In the meantime, the MonemarketCap Altseason index is at 21 years old, suggesting that a Boom Altcoin is not yet imminent.