Bitcoin's market dominance has increased to 64%, its highest level in over four years, leading to divided opinions among experts regarding its implications. Some foresee a potential altcoin season on the horizon, while others suggest that Bitcoin's dominance may continue to overshadow altcoins.

Bitcoin dominance (BTC.D) measures the percentage of the total cryptocurrency market capitalization held by Bitcoin, indicating its market strength relative to other cryptocurrencies. The recent surge in Bitcoin dominance to 64% reflects its outperformance compared to altcoins, with some experts pointing out that the figure goes up to 69% when stablecoins are excluded.

Analysts like Benjamin Cowen anticipate a correction in altcoins before any significant market gains, hinting that an altcoin season might not be immediate. Conversely, Nordin highlighted concerns about Bitcoin dominance nearing levels seen during the 2020 bear market peak and warned about potential intensified selling pressure on altcoins if it exceeds 66%.

Some analysts predict that Bitcoin's dominance may follow a descending triangle pattern, suggesting a bearish trend, while others believe that a retracement could allow altcoins to gain momentum as capital shifts away from Bitcoin. Optimistically, Junaid Dar suggested that if Bitcoin's dominance drops below 63.45%, it could unleash a bullish trend in altcoins, offering a favorable opportunity for profit.

Additionally, the resistance in Tether dominance (USDT.D) has sparked speculations about an impending altcoin season, as technical indicators hint at a potential shift of capital from stablecoins to altcoins. Observing the interactions between Bitcoin's dominance and stablecoin trends will be crucial in determining the fate of altcoins in the market, with Bitcoin's current dominance maintaining a strong hold for now.