Bitcoin Dominance at Channel Resistance – Reversal Ahead?
Market Cap BTC Dominance, % CRYPTOCAP:BTC.D
Bitcoin dominance (BTC.D) has reached the top of its ascending channel around 58.5%, which is acting as a strong resistance.
🔹 Main Scenario (More Likely):
A rejection from this resistance zone could trigger a pullback toward 57.8% – 58%, giving some relief to altcoins in the short term.
🔹 Alternative Scenario:
If BTC.D manages to break and hold above 58.5%, the next upside target would be around 59%.
⚖️ Conclusion:
• Current levels are risky for further upside.
• Probability of a correction is higher.
• This setup may favor altcoin outperformance if dominance drops.
source https://www.tradingview.com/chart/BTC.D/pp62Zm9Y-Bitcoin-Dominance-at-Channel-Resistance-Reversal-Ahead/
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