BTC dominance is rising from 63.57% and now approaches 65% which was strong support in earlier market moves.
The 65% level could now act as resistance and if rejected altcoins may lead the next market trend.
This wedge pattern breakdown suggests Bitcoin may lose dominance if the retest at 65% fails to hold.
Bitcoin Dominance (BTC.D) is currently trading near 63.57% and is expected to retest the previous support now turned resistance. The move follows a breakdown from a long-term rising wedge pattern, a setup often associated with trend reversals. Technical readings now suggest BTC.D could confirm its downtrend with a rejection from the 64%–65% resistance zone.
Source: X
The chart shared by CryptoAnup shows BTC.D approaching a shaded resistance area that acted as previous support during its climb from late 2023. The breakdown below this support has shifted sentiment as altcoins begin to gain market share. Analysts now focus on how dominance reacts to the current retest level.
Rising Wedge Breakdown Signals Shift
The chart clearly illustrates a rising wedge pattern that developed between November 2023 and May 2025. BTC dominance moved upward in narrowing price action until it broke below the lower wedge boundary earlier this month. This pattern typically ends with a decisive move in the opposite direction of the trend.
Following the breakdown, BTC.D fell sharply from its highs around 65.40% to below 63%. This selloff aligned with increased altcoin performance across major trading pairs. The decline confirmed that the wedge had completed and signaled a potential market rotation into riskier digital assets.
The current rebound is bringing BTC.D back into the wedge’s lower boundary, where resistance now forms between 64% and 65%. This zone is historically reactive, and if rejected again, it may validate a broader trend favoring altcoins. The market is now watching for a clear reaction at this level.
Altcoin Season May Be Strengthening
The breakdown in BTC dominance is being viewed as a potential start to another altcoin season. When BTC.D falls, it often means capital is flowing into altcoins, increasing their overall market share. Recent price action from Ethereum and other large-cap altcoins supports this interpretation.
In past cycles, similar BTC.D breakdowns led to extended altcoin rallies. If BTC.D is rejected again at the 64%–65% zone, it could accelerate capital rotation. Traders now point to this structure as a key indicator of relative strength in the broader crypto market.
Altcoin performance is already reflecting this trend. Several mid-cap and meme tokens have posted double-digit gains as BTC loses dominance share. Volume in altcoin pairs is climbing as investors seek higher return potential while Bitcoin consolidates.
Will Bitcoin Dominance Confirm the Trend?
The next move in BTC dominance may shape short-term market dynamics across the crypto sector. A clear rejection at 65% resistance would signal continuation of the downtrend. That setup would further strengthen the case for extended altcoin gains into June.
If dominance rises and closes above 65%, however, it could mark a short-term pause in the altcoin advance. For now, market structure favors the bearish view, provided BTC.D remains below its broken wedge. Can Bitcoin dominance hold its ground or will the altcoin market seize control in the weeks ahead?
