- β’Bitcoin dominance breaks downward from a two-year ascending broadening wedge.
- β’A decline in BTC.D often triggers altcoin market rallies.
- β’Investors should watch for volatility as the pattern unfolds.
The cryptocurrency market is buzzing with anticipation following a significant technical development highlighted by crypto analyst @el_crypto_prof. A recent X post showcased a chart indicating that Bitcoin dominance (BTC.D) has broken downward from a two-year ascending broadening wedge pattern.
This bearish reversal pattern, characterized by diverging trendlines and a recent price drop, suggests a potential shift in market dynamics. As of October 15, 2025, the chart points to a bearish backtest, with BTC dominance hovering around 59.49%, hinting at a possible reallocation of capital toward altcoins.
Community Reactions Reflect Mixed Sentiment
Historically, a decline in Bitcoin dominance often correlates with altcoin rallies, as investors diversify their portfolios beyond the leading cryptocurrency. The ascending broadening wedge, a pattern known for signaling reversals, supports this optimism, with the breakout indicating that altcoins may soon experience upward momentum.
The analystβs positive outlook is echoed by community reactions, with some users expressing renewed patience and others predicting significant altcoin growth. However, skepticism remains, with concerns about BTC dropping further and dragging altcoins down or a potential fakeout pushing dominance higher.
Altcoins Poised for Liquidity Rotation
This shift could mark a pivotal moment in the current crypto cycle, especially as mainstream adoption and enterprise interest, like Ueno Bankβs quantum-resistant banking initiatives, continue to grow. Investors are advised to monitor BTC.D closely, as its trajectory will likely dictate the short-term fate of altcoins.
While the pattern offers a bullish case for altcoins, market volatility and external factors like regulation and sentiment could influence outcomes. For now, the breakdown in dominance serves as a quiet signal, potentially turning patience into conviction as liquidity rotates.