Bitcoin dominance continues to trade in a long-term descending channel while recently showing signs of stabilization around the 60% level. Key observations: - Dominance remains well above the multi-year lows seen in previous altcoin seasons - A clear breakout above the yellow resistance could signal further BTC strength - A breakdown toward the lower pink trendline would likely trigger a strong altcoin season Currently at 60.47%, the market is still in a Bitcoin-dominant environment, but the structure leaves room for a potential regime shift in the coming months. Shared in collab with @coinexcreators program. #CoinEx
#Bitcoin Dominance Analysis
Bitcoin dominance continues to trade in a long-term descending channel while recently showing signs of stabilization around the 60% level.
Key observations:
- Dominance remains well above the multi-year lows seen in previous altcoin seasons
- A clear breakout above the yellow resistance could signal further BTC strength
- A breakdown toward the lower pink trendline would likely trigger a strong altcoin season
Currently at 60.47%, the market is still in a Bitcoin-dominant environment, but the structure leaves room for a potential regime shift in the coming months.
Shared in collab with @coinexcreators program.
#CoinEx