renderwithme | BTC - Dominance about to hit resistance
Bitcoin dominance (BTC.D), which measures Bitcoin’s market capitalization as a percentage of the total cryptocurrency market cap, is a key indicator of market sentiment and capital flow between Bitcoin and alt coins . As of July 5, 2025, recent data and technical analysis suggest Bitcoin dominance is at a critical juncture, with potential shifts in market dynamics for the upcoming week. Below is an analysis based on current trends, historical patterns, and technical indicators.Current State of Bitcoin DominanceCurrent Level: Bitcoin dominance is approximately 64.36% to 65.68%, based on recent data .
Recent Trends: Dominance has been testing a multi-year resistance zone between 66.5% and 69.5%
Historical highs in this range (e.g., 64.34% in early 2025) have often preceded pullbacks or altcoin rallies.
Chart indicate bearish signals, such as weekly bearish divergences and potential reversal candles, suggesting a possible decline.
Technical Analysis for Next WeekResistance and Support Levels:Resistance: The 66.8%–67.2% zone is a critical resistance level, aligning with Fibonacci extensions and a long-term descending trend line. A failure to break above this could signal a reversal.
Support: Key support levels are at 61.90%–62.20%, with a potential drop to 58% if bearish momentum accelerates.
Chart for your reference
Disclaimer --
This analysis is based on recent technical data and market sentiment from web sources. It is for informational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading.
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source https://www.tradingview.com/chart/BTC.D/Z2BaAZLl-renderwithme-BTC-Dominance-about-to-hit-resistance/
