Bitcoin's dominance in the crypto market has surpassed the key level of 64%, putting pressure on altcoins.
Despite Bitcoin losing support at $105,000, altcoins have experienced dips, indicating a potential turning point in dominance.
Technical analysis suggests that Bitcoin's dominance reaching 64% may be approaching exhaustion and could pave the way for altcoins to thrive.
If Bitcoin's dominance starts to decline below 63.45%, it could trigger an altcoin season, potentially benefiting major altcoins like Ethereum, Solana, and Dogecoin.