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- 🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
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Bitcoin Dominance Reversal Signals Imminent Altcoin Surge
Bitcoin dominance is reversing after peaking at 65.5%, setting the stage for a potential surge in altcoin valuations.
The break below the 50-day moving average signals weakening BTC strength and hints at a market rotation toward altcoins.
Technical patterns suggest BTC dominance may fall below 60%, historically marking the beginning of strong altcoin rallies.
Bitcoin dominance (BTC.D) is entering a corrective cycle after months of supremacy, which is a potential indicator of an altcoin breakout. Analysts Captain Faibik and Sensei are cautioning a drop in market share in Bitcoin shortly. This shift may open the door for altcoins to gain serious momentum over the coming weeks. Current trends and technicals are pointed toward unfolding this narrative. Bitcoin dominance has recently formed a high around 65.5% before reversing abruptly towards the 63.8% zone.
Rising Channel Breakdown Sparks Correction
Captain Faibik highlights BTC dominance movement within a rising channel from November 2022 to April 2023. During this uptrend, dominance climbed from 55% to over 65%. The channel showed consistent higher highs and higher lows, confirming bullish control. However, in early April, BTC dominance broke above the upper channel boundary. That breakout proved unsustainable. Price quickly reversed, falling back within the channel and triggering a corrective structure.
Source: Captain Faibik
Point “a” marks a local bottom around 62%. Following that, a bounce to point “b” suggested a short-lived relief. Now, technical patterns point to a projected decline toward point “c” near 60%. Moreover, recent candles reveal sharp daily losses. Red candles dominate, while green ones show reduced strength. This reflects weakening Bitcoin market dominance and growing altcoin traction.
50-Day Moving Average Break Confirmed
Sensei also supports the bearish BTC.D outlook. He notes the strong rally from February to late April, where dominance surged from 61% to 65.5%. The 50-day moving average (MA) provided solid support throughout the uptrend. However, dominance broke below this MA in late April. That marked a key shift in structure.
Source: Sensei
Attempts to reclaim the moving average failed in May. A red hammer candle near 64% confirmed rejection and reinforced bearish pressure. Current readings hover near 63.8%, exposing downside risk. A projected red arrow targets a 59% level by late June, reinforcing the bearish momentum.
Altcoin Season Approaches
Altcoins may rally as Bitcoin dominance weakens. Traders now watch for a decisive breakdown below key support. If BTC dominance dips below 60%, an altcoin rally may erupt. This aligns with historical patterns where declining BTC.D boosts altcoin gains. Hence, the market enters a critical phase where capital could rotate into alternative assets.
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