BTC Dominance History Repeating?BTC.D just completed a multi-year bullish trend, one that stretched over 1,000 days. But here’s the key: BTC.D never went straight up — it always moved in waves, with pullbacks along the way.
BTC.D recently peaked around 66%. Every time dominance hits this range, it tends to reverse — and the current chart suggests another repeat of that cycle.
🔸 Support at 60%:
Historically, 60% has been a critical breakdown level. Once BTC.D closes below it, dominance often drops sharply toward 54%. And that’s great news for altcoins.
Why? Because BTC Dominance only falls when altcoins are outperforming Bitcoin. So a falling BTC.D isn’t bearish — it’s a signal that altcoins are taking the lead. This area has acted as a demand zone multiple times — a bounce region for altcoins.
🔸 Upside Target: 67%–68%
As per past patterns, this level acts like a ceiling. Unless a new macro trend emerges, BTC dominance seems capped there again.
A bounce and strong close back above 65%–66% would invalidate the breakdown thesis and may signal another dominance push (bearish for altcoins). Keep a close watch on the daily trend here.
🔸 Risk Level at 65%–66%
Watch if BTC.D forms lower highs within this descending pattern.
A close below 60% could trigger a sharp fall to 54.67%, historically a support zone.
Altcoin season may ignite during this BTC.D fall.
Monitor for false breakdowns or temporary wicks.
🔸 Outlook:
Bitcoin is moving — slightly — but that’s natural. The market never moves in a straight line.
What’s key here is Bitcoin’s consolidation. This sideways action is a launchpad — and when it breaks, it's likely heading toward the $130,000+ zone. Why? Because:
🔹 When altcoins outperform while Bitcoin moves sideways — that’s bullish for Bitcoin.
🔹 When Bitcoin pushes forward and alts lag — that’s bullish for alts.
Right now, the market is one, and everything points toward coordinated growth.
#bitcoin
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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.