Altseason Incoming as Bitcoin Dominance Faces Massive Breakdown

Bitcoin dominance nears critical resistance at 65% as EGRAG CRYPTO signals a looming drop that could spark a major altseason surge.A descending triangle since 2021 and current chart behavior suggest BTC dominance may crash toward the 35.50% cycle bottom.EGRAG CRYPTO urges locking profits and preparing for a bubble burst while eyeing gold and real estate as strategic hedges.Bitcoin dominance may be heading for a dramatic reversal, hinting at an incoming altcoin season. According to EGRAG CRYPTO’s latest analysis, BTC dominance recently tested the 65.00% resistance level and now appears primed for a drop. The current dominance stands at 63.57%, up 1.20% (+1.86%), with total market volume at $267.16 billion. This resistance test comes as historical data patterns begin to align, pointing toward a larger market shift. This move mirrors past cycle peaks followed by sharp declines in dominance.Dominance Triangle and Key TargetsThe data reveals a long-term descending triangle pattern, dating back to 2021. Within this structure, a smaller ascending channel has formed since 2022. This channel, highlighted by white parallel lines, shows short-term upward movement. However, the larger triangle suggests a bearish breakout could follow. Besides, two key downside targets are marked clearly.Source: EGRAG CRYPTOTarget 1 lies near the 48.00% level, signaling a major pivot zone. Target 2, dubbed the "Cycle Bottom," hovers at 35.50%. A horizontal green support line reinforces this lower target. Moreover, a yellow arrow now points from the current price down toward that second target, reinforcing the bearish outlook.Historical Echoes and Investor StrategyBTC dominance has reached psychological thresholds of 80.00% and 74.00% during prior cycles between 2017 and 2019. These levels marked turning points before major dumps. Consequently, many expect a similar path forward. A green arrow labeled “Back Test” shows a recent upward move from key support, often seen before large drops.Additionally, EGRAG CRYPTO emphasizes the importance of preparing now. The chart implies that a bubble could soon burst. This shift might signal the beginning of a powerful altseason. Investors are urged to lock in gains and prepare for a re-entry post-correction.EGRAG also outlines his gold-buying strategy. He plans to accumulate more when prices fall below $2,300, targeting a range of $1,850–$2,000. Hence, besides altcoins, real estate and gold stand out as future hedges.The post Altseason Incoming as Bitcoin Dominance Faces Massive Breakdown appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.