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The weakness is evident in momentum indicators. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) have created bearish divergences.
Adding to the bearish sentiment, the MACD has made a bearish cross (black circle), which points to strengthening bearish momentum. If the weekly closes like this, it will be the first bearish momentum bar since January 2025.
To confirm the bearish trend reversal, the Bitcoin Dominance must close below the 65% horizontal support area, confirming a deviation and downward movement in the chart.
The proposed scenario will also cause a breakdown from a very steep ascending support trend line.
The wave count aligns. It shows that BTCD is in the fifth and final wave of an upward movement that started in August 2022.
Additionally, momentum indicators such as the RSI and MACD have generated bullish divergences.
On July 9, the altcoin dominance broke out from the wedge, confirming the end of its correction.
Based on the wave count, price action, and indicator readings, the Altcoin dominance will explode toward 8.80%, marking the start of the altcoin season.
Altcoin Season Has Started
Even though altcoins have underperformed Bitcoin heavily in 2025, that is about to change.
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 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.
