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Bitcoin Near 58% as Altcoin Dominance May Be Bottoming, Analysts Suggest

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(08:41 AM UTC)
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  • Altcoin dominance shows bullish divergence on TOTAL2/BTC, suggesting stabilization.

  • RSI, volume accumulation, and trendline breaks support a mid-term rise toward 0.20–0.25.

  • Bitcoin dominance consolidating near 58.85%; EMA crossovers mark a key decision zone.

Altcoin dominance recovers from lows; analyze TOTAL2/BTC signals now — read a concise market outlook and what to watch next. (COINOTAG)





Altcoin dominance forms a bottom as analysts note Bitcoin consolidation near 58%, indicating key levels for upcoming market shifts.

  • Analyst Michael van de Poppe sees bullish divergence on TOTAL2/BTC, with altcoin dominance stabilizing near historical cycle lows.
  • Technicals show RSI recovery, volume accumulation, and a trendline break, suggesting altcoin dominance could rise toward 0.20–0.25 mid term.
  • Analyst Egrag Crypto notes Bitcoin dominance at 58.85%, where EMA signals suggest a key decision zone for future direction.

Altcoin market outlook is showing structural changes against Bitcoin, with analysts pointing to technical signals that resemble past cycle transitions. TOTAL2/BTC charts show a steady bottoming process, while Bitcoin dominance trends highlight a critical decision point.

Analysts Michael van de Poppe and Egrag Crypto outline complementary perspectives, both emphasizing decisive moves that could shape market balance over the coming months.

What does the TOTAL2/BTC bullish divergence mean for altcoin dominance?

Weekly TOTAL2/BTC readings indicate bullish divergence, which often precedes broader altcoin recoveries. Historical cycles show dominance rising from lows near 0.12–0.14 back toward 0.20–0.25 before testing higher ranges. Current RSI and volume patterns support a similar accumulation phase.

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OTHERS/BTC 1-week price chart, Source: Michael van de Poppe on X

Those declines consistently marked long-term cycle lows, followed by accumulation phases that led to broad recoveries. After a prolonged decline through mid‑2024, dominance steadied around 0.13, where price action and volume suggest a new bottoming process.

Volume spikes near support confirm buying interest. RSI climbing from the mid‑20s to the 50–55 range provides momentum validation. If structure holds, expect gradual share expansion toward 0.20–0.25.

How have long-term trendline breaks affected the outlook?

Clearing a descending trendline and weekly candles closing above key moving averages signal structural improvement. Historically, these breaks preceded sustained dominance recoveries. Key invalidation remains at 0.12; a decisive breach would undermine the recovery case.

Short-term targets align with historical recoveries, and a steady close above trendline resistance increases the probability of altcoins regaining market share versus Bitcoin.

Why is Bitcoin dominance near 58% a decision zone?

Bitcoin dominance at 58.85% sits inside a rising channel since mid‑2022. EMA relationships — notably the 9 EMA relative to the 100 EMA — can presage shifts. A cross lower would point to medium-term BTC weakness; holding above current EMAs supports continued BTC strength.

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Market Cap BTC Dominance 1-week price chart, Source: Egrag Crypto on X

Resistance levels near 72.78% and 79.30% remain long-term upside markers. Failure below 55% would likely accelerate altcoin share growth. Traders should monitor EMA crossovers and channel integrity for directional confirmation.

Frequently Asked Questions

How high could altcoin dominance rise if current patterns hold?

If current accumulation and trendline breaks persist, altcoin dominance could target 0.20–0.25 in the mid term, matching prior recovery phases. Continued volume confirmation and RSI strength would support extension toward those levels within months.

What signals would invalidate the altcoin recovery thesis?

A sustained break below 0.12 on TOTAL2/BTC or a decisive drop in RSI and volume would invalidate the recovery thesis, increasing the likelihood of prolonged consolidation or further downside for altcoins versus Bitcoin.

Key Takeaways

  • Bottom formation: TOTAL2/BTC shows bullish divergence and accumulation near 0.13, signaling a potential bottom.
  • Technical confirmation: RSI recovery, volume spikes, and trendline breaks strengthen the case for altcoin share expansion.
  • Decision levels: Monitor 0.12 (support) and BTC dominance at 55% and 65% as invalidation/confirmation thresholds.

Conclusion

Altcoin dominance appears to be recovering from historical lows as TOTAL2/BTC forms a bottom and Bitcoin dominance consolidates near 58.85%. Market participants should track RSI, EMAs, and volume for confirmation. Watch the 0.12 support and 55% BTC dominance as pivotal levels; adapt positioning as charts evolve. COINOTAG will continue monitoring and reporting updates.

Sheila Belson

Sheila Belson

Sheila Belson is a 20-year-old financial content editor who ventured into the realm of cryptocurrencies in 2023. Enthralled by the innovative world of non-fungible tokens (NFTs), she harbours a profound affection for Ethereum. With a sharp eye for detail, Sheila skillfully navigates the dynamic crypto landscape, continuously seeking to enrich her understanding and share her passion through engaging and insightful content.
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