140-Day Window Opens for Altcoins as Bitcoin Dominance Faces Sharp Decline
- Bitcoin dominance peaks hint at a 140-day altcoin surge, with dominance projected to drop to 37%-38% by April 2025.
- Historical patterns reveal altcoin rallies follow Bitcoin’s 0.618 Fibonacci retracement rejections, marking pivotal market shifts.
- Q1 2025 could see heightened altcoin activity, driven by reduced Bitcoin dominance and growing DeFi and blockchain adoption.
Expert CryptoBullet says that Bitcoin’s supremacy has peaked and that an altcoin season is about to begin. After it rejected the critical 0.618 Fibonacci retracement level in November, analysts anticipate a sharp collapse. This historical pattern points to a 140-day “golden window” for altcoins, which presents growth prospects.
A Historical Trend Repeats
Since 2017, Bitcoin dominance has exhibited cyclical downturns following peaks. These declines, lasting approximately 140 days, have consistently aligned with altcoin market surges. In early 2017, dominance hit 86% before plummeting to 37%, marking the first golden window. Similarly, a 2020 peak of 73% reversed near the 0.618 Fibonacci level, triggering another altcoin rally.
Currently, Bitcoin dominance stands near 58.3%, having faced resistance just below 60%. This rejection highlights the Fibonacci retracement level’s recurring role as a reversal zone. Market analysts expect another decline, projecting dominance to reach 37%-38% by April 2025.
Source: CryptoBullet
Q1 2025: Altcoin Opportunities Ahead
CryptoBullet’s analysis anticipates a 140-day decline starting late 2024, paving the way for the third altcoin-driven market shift. Volume metrics further emphasize the scale of these transitions. The 2017 downturn saw $377 billion in trading volume, while 2021 recorded an astounding $57 trillion. The upcoming decline is projected to involve $17.66 trillion, reflecting significant market activity.
This trend shows altcoins’ ability to capture market share as Bitcoin dominance weakens. Besides the influence of the Fibonacci level, broader market conditions will shape the scale of this transition. Moreover, growing interest in decentralized finance and blockchain innovations could amplify altcoin adoption during this window.
What Lies Ahead?
The projected decline in Bitcoin dominance highlights a compelling narrative for altcoin enthusiasts. Consequently, investors may see enhanced opportunities for growth within altcoin markets. However, it remains essential to consider external market forces, such as macroeconomic trends and regulatory shifts . The 0.618 Fibonacci retracement level’s repeated influence remains a vital indicator of dominance trends. As the market gears up for another shift, Q1 2025 is set to be a pivotal period.
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