Looking at this chart, a powerful story unfolds:
Bitcoin's dominance has been trapped in a textbook rising wedge since 2022 - a pattern that's screaming for a breakdown. After touching 62.16%, the technical structure suggests we're witnessing the final stage before a major reversal.
The Coming Collapse -
The current setup projects a dramatic fall toward 40% support by mid-2026. This isn't just a minor correction - it represents a potential 35% decline in Bitcoin's market share and signals a massive rotation into altcoins.
Key Insights -
- Rising wedge formation complete (purple zone)
- Resistance rejection at 62.16%
- Historical support at 40% (lower orange boundary)
- Breakdown target aligns with previous market cycle timing
Trading Implications -
This pattern suggests we're approaching "The Great Altcoin Awakening" - a phase where capital flows aggressively from Bitcoin into alternative cryptocurrencies.
Smart money positions before the masses. The chart is telling us exactly where we are in the cycle.
The question isn't if this breakdown happens, but when - and which projects capture the redirected capital flow.
FOLLOW ME FOR MORE IDEAS :)
Bitcoin's dominance has been trapped in a textbook rising wedge since 2022 - a pattern that's screaming for a breakdown. After touching 62.16%, the technical structure suggests we're witnessing the final stage before a major reversal.
The Coming Collapse -
The current setup projects a dramatic fall toward 40% support by mid-2026. This isn't just a minor correction - it represents a potential 35% decline in Bitcoin's market share and signals a massive rotation into altcoins.
Key Insights -
- Rising wedge formation complete (purple zone)
- Resistance rejection at 62.16%
- Historical support at 40% (lower orange boundary)
- Breakdown target aligns with previous market cycle timing
Trading Implications -
This pattern suggests we're approaching "The Great Altcoin Awakening" - a phase where capital flows aggressively from Bitcoin into alternative cryptocurrencies.
Smart money positions before the masses. The chart is telling us exactly where we are in the cycle.
The question isn't if this breakdown happens, but when - and which projects capture the redirected capital flow.
FOLLOW ME FOR MORE IDEAS :)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.