- Bitcoin dominance flickers giving altcoins a chance to steal the spotlight.
- Analyst sees a bullish pattern play out for altcoin Aptos.
- APT price could hit $20 in the coming months ahead this altseason.
The price of Bitcoin continues its downward trajectory, slipping from $96,000 to $94,000 and taking the crypto market sentiment down with it. Specifically, the Crypto Fear & Greed Index has dropped to a score of 72, signaling a decrease in market optimism as ‘Greed’ sentiment weakens.
Bitcoin Momentum Slows Giving Altcoins the Spotlight
This decline has also contributed to a further reduction in Bitcoin’s market dominance. Although Bitcoin’s recent dip has raised concerns, analysts remain optimistic about its recovery. Projections suggest a gradual rebound that could push Bitcoin to new all-time highs ranging between $110,000 and $200,000 in the coming year.
However, with Bitcoin’s dominance in the crypto market slipping, the focus is shifting toward altcoins. Experts predict that as Bitcoin’s influence wanes, altcoins will seize the opportunity to rise and potentially achieve record-breaking performance in 2025. This bullish phase of the ongoing altseason is anticipated to be led by Ethereum (ETH), the pioneer altcoin.
APT Price Moves Towards $20 Target
Another bullish altcoin stealing the headlines is Aptos (APT). As we can see from the post above, this reputed analyst believes that APT is printing an ascending broadening wedge once again. He says while this is often interpreted as a bearish pattern, it seems to be working bullishly for APT. As the altcoin continues to set higher lows, the analyst hopes to see APT price hit $20 soon.
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