Altseason Delayed: Bitcoin Dominance Continues to Rise

Cryptocurrency analysts have long been anticipating the start of altseason, but it has yet to materialize. However, recent data suggests that this trend may not change anytime soon.

ChartNerd, a well-known technical analyst, has analyzed historical Bitcoin dominance charts and found a consistent pattern. When Bitcoin dominance rises, altcoins tend to decline, and vice versa. This cycle has been broken in the current market, with Bitcoin dominance continuing to climb alongside its price.

The data shows that the broader cryptocurrency market has been in a declining trend since 2021, with only a few exceptions. ChartNerd notes that this is not just a short-term anomaly, but rather a five-year trend. This has led some investors to question whether altseason will ever come.