Trend Overview:
- BTC dominance is currently at 62.18%, approaching a critical resistance level.
- BTC dominance has been in an uptrend since early 2024, indicating that Bitcoin has outperformed altcoins during this period.
Key Levels to Watch:👁👁
- Resistance: ~62.5% (horizontal resistance level)
- Support: ~60% (previous breakout zone)
-Major Breakdown Target: ~54.5% (potential altseason trigger)
Technical Indicators & Patterns:⚖️
1. A breakdown below 60% would confirm a bearish trend for BTC dominance and lead to an altcoin pump.
2. In late 2024, BTC dominance rejected at a similar level (~61%), followed by a sharp decline. The same pattern may repeat, leading to altcoins outperforming BTC.
3. If BTC dominance breaks above 62.5%, it could extend towards 64-65%, delaying an altseason.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.