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Altcoin Season in Full Swing — Crypto Market Eyes ATH

Published 08 August 2025
Valdrin Tahiri
Authors
Edited by Insha Zia

Key Takeaways

  • The crypto market is nearing a new all-time high.
  • Bitcoin’s Dominance (BTC.D) resumed its downtrend.
  • Altcoin Season is in full swing – how long will it continue?

The crypto market is riding a wave of bullish momentum, inching closer to setting a new all-time high.

Investor sentiment got another boost this week after U.S. President Donald Trump signed an executive order allowing cryptocurrencies to be included in 401(k) retirement plans—a move that’s fueling optimism across the industry.

Meanwhile, Bitcoin’s market dominance (BTC.D) continues to slip, opening the door for altcoins to steal the spotlight.

With altcoin season now in full swing, let’s dig into the charts to see what the rest of 2025 could have in store.

Crypto Market Bounces

The total crypto market cap (TOTALCAP) rallied sharply yesterday and looks set to extend those gains today.

If the momentum holds through the week, TOTALCAP could form a bullish engulfing candlestick on the weekly chart—often the final confirmation that a trend reversal is underway.

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The rebound came right at the $3.65 trillion horizontal level, which marks the market’s previous all-time high.

This kind of retest often serves as a springboard for higher prices.

If history repeats, the next upside target sits around $4.5 trillion, where it would meet the resistance trendline of an ascending parallel channel.

TOTALCAP Weekly
TOTALCAP Weekly Chart | Credit: Valdrin Tahiri/TradingView

Technical indicators are firmly on the side of the bulls. Both the Relative Strength Index (RSI) and the Moving Average Convergence/Divergence (MACD) are climbing, with the RSI holding above 50 and the MACD in positive territory—both classic signs of upward momentum.

Short-term charts tell the same story. TOTALCAP appears to have started the fifth and final wave of the rally that began on June 22 (green icon).

Daily Trading Chart
TOTALCAP Daily Chart | Credit: Valdrin Tahiri/TradingView

If the market can clear its current resistance, a fifth-wave extension could push TOTALCAP toward $4.55 trillion, aligning with the long-term target.

Bitcoin’s Dominance Falls

The Bitcoin Dominance (BTC.D) chart has been trending downward since June 25, when it reached its cycle high of 66.03%.

After a brief bounce between July 22 and Aug. 2, the BTC.D resumed its descent and is quickly approaching its July 21 bottom.

The wave count suggests BTC.D is in its decline’s fifth and final wave.

BTCD Wave Count
BTCD Daily Chart | Credit: Valdrin Tahiri/TradingView

Its first target is 59.15%, created by the 1.61 external Fibonacci retracement support level.

If a fifth wave extension happens, BTCD could decline to 57%.

A significant bounce is likely afterward, but altcoin season is on full swing until one of the targets hits.

Final Thoughts

With momentum indicators flashing green and market structure favoring the bulls, the stage for further gains across the crypto market is set.

Altcoin season is underway and will continue while the Bitcoin Dominance falters.

A new all-time high is imminent, and a correction is unlikely until the crypto market hits $3.5 trillion.

Disclaimer: The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.

He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.

Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.

He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

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