Bitcoin dominance broke 64%, flipping key resistance into new market support.
A monthly close above 64% could limit altcoin upside and shift capital flow.
BTC dominance eyes 71% as bullish momentum builds on historic chart levels.
Bitcoin’s market dominance has surged to levels unseen since early 2021, challenging long-standing resistance zones. This resurgence reshapes altcoin performance expectations and signals potential macro shifts in crypto capital allocation.
Critical Resistance Re-Test at 64%
Bitcoin dominance continues its climb, reaching above the critical 64% resistance level last seen four years ago. This level historically capped Bitcoin's share of the total crypto market. Now, its breach may indicate structural rotation toward Bitcoin-led strength.
https://twitter.com/rektcapital/status/1915402912273961198
Market analyst Rekt Capital provided a detailed technical analysis of the long-term Bitcoin dominance in the above chart, on a monthly timeframe. He identified a persistent uptrend beginning in early 2022, when dominance bottomed near 39%. Since then, dominance climbed steadily, forming a clear ascending structure confirmed by higher monthly closes.
That last retest near resistance zones forced him to reassess the bullish breakout thesis shaping current market dynamics. Dominance reclaimed the 63.96% blue-marked resistance, a zone that triggered three previous rejections in 2018, 2020, and 2021. This breakout, marked with an orange circle, sets the stage for new strength continuation.
By studying long-tail rejections, he measured buyer conviction at each prior breakout failure across years. None of the candles closed above the 64% zone until April 2025. The current candle sits at 64.45% with six days left in the month, hinting at sustained pressure toward the next resistance at 71.04%.
In light of the recent pivot level, he reassessed upside targets, pointing to the historical peak marked in red. This 71% threshold was last reached in late 2020 and has capped Bitcoin’s dominance in every cycle since. No monthly candle has broken above it since, making this level a macro trigger for altcoin underperformance.
Bull Market Structure Remains Intact
Market analyst Rekt Capital, known for high-timeframe trend analysis, has offered a perspective on Bitcoin's dominance structure. According to his observations, the monthly chart maintains a bullish trend with consistently higher lows and uninterrupted green candles since early 2023. These candles reflect steady buyer presence and sustained momentum for Bitcoin over the past 24 months.
Rekt Capital also identified early weakness in the higher timeframe structure, focusing on failed retests as a potential risk factor. If Bitcoin closes the month above 64% and turns this zone into support, altcoin valuations may remain suppressed. Such a move would likely drive dominance toward the final resistance near 71%, reducing capital rotation into the altcoin market.
https://twitter.com/rektcapital/status/1915403787549675680
Based on the EMA alignment, he gauged momentum strength across the uptrend, showing a consistent bullish slope since early 2023. No close breached the ascending blue trendline, which connects all monthly lows since the breakout from the 2021–2022 falling wedge pattern.
Tracking Ichimoku cloud behavior, he explained trend bias remains fully bullish, with price positioned well above cloud resistance. The structure signals that Bitcoin dominance may continue rising as long as key levels remain intact.
