Since President Trump's inauguration, Bitcoin dominance (BTC.D) has steadily climbed from around 55% to over 63%, reflecting a significant shift in market dynamics. This rise is largely attributed to the U.S. government's strategic accumulation of Bitcoin, including the establishment of a Strategic Bitcoin Reserve funded by seized assets. Such initiatives have redirected capital from altcoins to Bitcoin, reinforcing its dominance in the cryptocurrency market.
BTC Dominance (BTC.D) is hovering at a critical resistance zone between 63% and 64%. A breakout above 65% could signal increased capital flow into Bitcoin, potentially pushing its price down to $75K or even $55K, while altcoins may underperform. Conversely, a rejection at this level might indicate the onset of an altcoin season. Currently, Bitcoin is trading around $85K, awaiting a catalyst to determine its next significant move.
BTC Dominance (BTC.D) is hovering at a critical resistance zone between 63% and 64%. A breakout above 65% could signal increased capital flow into Bitcoin, potentially pushing its price down to $75K or even $55K, while altcoins may underperform. Conversely, a rejection at this level might indicate the onset of an altcoin season. Currently, Bitcoin is trading around $85K, awaiting a catalyst to determine its next significant move.
Related publications
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.
Related publications
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.