Bitcoin's uptrend in question amidst altcoin surge

Recent analysis raises concerns over Bitcoin's continued strength as altcoins start to gain momentum.

Analyst Matthew Hyland suggests Bitcoin's latest uptrend might be at risk due to a decrease in its dominance in the crypto market.

Bitcoin reached 19-month highs of $44,729 but has since seen a slight retreat, causing speculation about the sustainability of its bull run.

After peaking at 55.26% dominance, Bitcoin's market share has dropped, potentially signaling an end to its current uptrend.

This shift in dominance could pave the way for an "altseason," where altcoins experience significant rallies.