Bitcoin continues to climb, up another 9% this week. But that’s a far cry from its green 17% weekly candle on November 10, just five days after the US election.

The election of a crypto-friendly group of Republican politicians has given the market a boost, just as yesterday’s Bitcoin ETF news cycle has repeated itself.

Market analysts have unveiled chart patterns that historically precede large altcoin rallies, which traders call “alt season.”

One of those key signals is a sharp decline in Bitcoin’s dominance, or market share, relative to the rest of the altcoin market.

The American business triumvirate of Donald Trump, Elon Musk, and Larry Fink are all for Bitcoin. Trump’s rise to the White House and the prospect of regulatory clarity and non-intervention have made Bitcoin bulls overconfident and aggressive.

Bitcoin's dominance soared to 62% on November 21. However, in the 48 hours since that peak, BTC's share of cryptocurrency market cap has fallen to 59% as altcoins have caught up and some have literally rocketed higher. Among the top gainers are Stellar (XLM), Ripple (XRP), VeChain (VET), and Polkdadot (DOT).

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