Analyst Predicts Potential Altseason Following Bitcoin Dominance Surge

On March 21, an analyst known as cryptododo7 suggested a potential altseason based on Bitcoin dominance. According to the analyst's X post, Bitcoin Dominance is poised for a sustained uptrend after breaking out and retesting a bullish pennant formation at 61.25%. While a surge to 67.51% is expected, it may coincide with price declines in both Bitcoin and altcoins. However, this peak could signal the end of Bitcoin's dominance in the bear market, potentially triggering an altseason with significant capital inflows. MoreCryptoOnline also reported on X that the Weekly MACD for the total crypto market cap (excluding the top 10 coins) is curling upwards, indicating a possible bullish shift in the altcoin market. As of today, the total crypto market capitalization is $2.76 trillion, with Bitcoin accounting for $1.67 trillion.