Bitcoin's market dominance has slipped below 61%, breaking from a long-term ascending wedge pattern, according to Cryptonewsland. Analyst Anup Dhungana suggests this shift could herald the onset of an altcoin season, as many altcoins appear oversold and poised for a market rotation. Technical indicators, such as a MACD crossover and a breach of the 50-day moving average, support the potential for a broader altcoin recovery. Historical patterns from 2017 and 2021, which saw similar setups, preceded significant altcoin rallies. The current breakdown in Bitcoin dominance might spark renewed interest in alternative cryptocurrencies, with projections suggesting a possible decline in Bitcoin's dominance to around 45%.