Bitcoin Dominance – Weekly Chart Analysis
In this analysis, we’ll review Bitcoin Dominance (BTC.D), comparing the patterns from the previous market cycle to the current one, and explore what might unfold in the weeks ahead.
Previous Cycle
Back in October 2020, BTC Dominance stood at 64%. It then surged to 67.5%, dipped to 60.8%, and subsequently rallied to a cycle high of 73.5%.
Current Cycle
In the current cycle, BTC.D climbed to 65.3%, then retraced to 62%. It has since started moving upward again. If history repeats—or even just rhymes—we could potentially see BTC.D reach the 70% level over the next 4–5 weeks.
During the previous cycle, the Total Market Cap excluding Bitcoin (TOTAL2) was notably low when BTC Dominance peaked. However, as BTC.D dropped to its lows, the TOTAL2 nearly reached its own cycle high.
The question now is whether we’ll see a similar pattern unfold this time.
That said, the market environment is very different today. We're witnessing unprecedented adoption from institutions, corporations, and even nations.
The coming weeks will reveal whether Bitcoin Dominance and altseason follow historical trends—or whether we’re entering new territory, with Bitcoin evolving as a maturing asset class and potentially forging a new path.