In the shadow of the great digital titans, Bitcoin‘s dominance stumbled like a toddler on their first attempt to stride. It slid to a mere 62.6% this week, a slow-motion train wreck of a decline. The poor fellow cracked beneath the weight of both the 50-day and 100-day moving averages. Traders, with their somber expressions, viewed this as the proverbial canary within the coal mine—a harbinger of an impending altcoin surge. Just when you thought it couldn’t get any more dramatic! 🎭
Bitcoin dominance is stumbling, said the wise sages of data: X
Meanwhile, the altcoins—they’ve been busier than a beehive in spring, climbing like they found a honey pot. With Blockchain Center’s altcoin index rising threefold since June, you’d think the party was in full swing. Alas, only 39% of the top 50 altcoins have outperformed Bitcoin these past 90 days, and we all know that for a real altcoin fiesta to kick off, we need that number topping 75%. Translation? The engines are revving, but the wheels aren’t moving. 🚗💨
The Cup-and-Handle That Could Change Everything (Or Not)
In the midst of this digital drama, enter Trader Jelle—our chart whisperer—who pointed a finger at a textbook cup-and-handle pattern shaping up on the TOTAL3 chart, which measures our beloved crypto market sans the heavy-weights, Bitcoin and Ethereum. If TOTAL3 can pull itself above $1.1 trillion, Jelle, with a twinkle in his eye, predicts it might just double faster than a rabbit in a hat. 🐇✨
Veteran chartist Peter Brandt, echoing our friend Jelle, sees a similar breakout in TOTAL2. With a potential rally grazing $2.78 trillion, his predictions don’t feel quite like hopium, but rather like a detailed projection off the technicals alone. If only life were this precise! 💼
“It’s altcoin season,” quipped Peter Brandt on X
Capital Rotation in Full Swing, or Just Spinning?
Sprinkling fuel onto this breakout bonfire is none other than Ether, lumbering ahead with a dazzling 24% leap in just a week. It’s hinting at a classic capital rotation, pointing the way from Bitcoin to the lofty shores of larger altcoins. And if ETH leads the charge, others are sure to follow like ducklings flapping into the water. It’s a rerun we’ve seen before, folks! 🦆
So, Are We There Yet? Or Just Stuck in Traffic?
Everywhere you look, there are signs—as plentiful as weeds in an unkempt garden. Technical breakouts glimmer, Bitcoin’s dominance wobbles like a tightrope walker, ETH surges with swagger, and social sentiment warms up faster than cotton candy on a sunny day. But we’re not knee-deep in altseason just yet. Not quite! It’s more akin to that teasing tease of early spring—ice thawing but summer still playing hard to get. ❄️☀️
But hold onto your hats, ladies and gentlemen! The risk-reward ratio is starting to look a tad friendlier. Bitcoin’s dominance is teetering on fragile support. This patch might just be the rare opportunity where betting on the scrappy underdogs makes sense, if you’re feeling lucky enough! 🍀
If you’ve been perched on the sidelines, waiting for some cosmic signal, lo and behold! Could this be it?
And as Peter Brandt succinctly summed it all up: “It’s altcoin season.” Or as the world might say, let the wild speculation commence!
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2025-07-17 22:27