Technical indicators are again pointing towards an altcoin season, according to leading cryptocurrency analysts at X. Both Bitcoin (BTC) and altcoins have fallen significantly in recent weeks, but things could change as 2025 approaches.
The long-term cryptocurrency and stock investor who goes by the name Jelle believes that next year will be “great for altcoins.” In that sense, he highlighted TradingViewCrypto’s Crypto Total Market Cap (TOTAL) Index enters “price discovery”, showing strong optimism about cryptocurrencies.
At the same time, Jelle compared TOTAL’s performance to Bitcoin Dominance (BTC.D), which “looks ready to go down.”
In fact, the chart shows TOTAL new tests and old resistance as support at around $3.24 trillion. Meanwhile, BTC.D is seen failing to recover an uptrend, bouncing off trendline resistance and reaching a lower high.
Will altcoin holders ‘get super rich’ in 2025?
Another analyst recently shared a similar view on Bitcoin dominance, with bullish sentiment regarding altcoins in 2025. The pseudonymous account Mr. Crypto sent a “warning” to “altcoin holders,” saying “we are about to get super rich.”
Supporting your optimism, Mr. Crypto shared a two-week BTC.D chart and also failed to recover an uptrend line. Interestingly, the analyst projects that Bitcoin dominance will fall to a support zone between 38% and 41%. This level was last seen between 2021 and 2023, with altcoins vastly outperforming BTC.
However, as Revenue sharks noted in the comments section: “We need BTC to stay calm” as its dominance develops as projected for altcoins to deliver positive results to investors. This is because altcoins can also fall even if BTC.D is falling, a little less than Bitcoin.
Finbold has covered other analysts who are also forecasting a promising 2025 for cryptocurrencies, especially when it comes to altcoins. We also spotted and reported on a cryptocurrency that recently suffered a significant drop and has indicators screaming “buy.”
Alex Svanevik predicts 2025 will be “the mother of all bull markets” and Miles Deutscher expects “the biggest cryptocurrency bull run in history.” While Ki Young Ju believes that only a few altcoins will shine in this cycle, Alex Becker seems to agree and sees utility altcoins as the next “easiest and safest” growth potential.
