Bitcoin Dominance (BTC.D) rose to 64.98% in the initial week of May, reaching a new peak for 2025 and the highest level since 2021. Bitcoin Dominance is a metric that evaluates the market capitalization of BTC as a proportion of the total crypto market cap.

Some seasoned analysts anticipate that this surge could spark a revival in altcoins, while others harbor doubts.

As Bitcoin Dominance approaches nearly 65%, Analysts are split on their perspectives.

Analysts have closely monitored BTC.D as a crucial gauge for predicting altcoin trends. The 65% threshold signifies a historically significant resistance level that many analysts are monitoring keenly.

Analyst Darky suggests that 65% might serve as the peak for BTC.D and foresees a significant decline from this point. If this transpires, it could indicate an impending rally in altcoins. A typical altcoin season commences when funds shift from Bitcoin to altcoins, compelling BTC.D to descend towards the support region around 39%.

Darky stated, "BTC dominance is anticipated to plummet drastically. It's time to invest in altcoins."

Furthermore, in addition to the technical signal of resistance at 65%, some analysts point to the formation of a rising wedge pattern in BTC.D. This traditional chart pattern typically hints at a bearish reversal, reinforcing the likelihood of a substantial dip in Bitcoin dominance.

While some analysts support the notion of an imminent altcoin season, they adopt a more cautious stance. For instance, Milk Road asserts that altcoins are presently underperforming and proposes that BTC.D may need to surpass 70% before a genuine shift into altcoins materializes.