$BTC
🚨Bitcoin Holds Key Support Zone🚨
What reinforces the bullish bias is Bitcoin’s ability to stay well above its 200-day moving average, which now sits near $94,700. This level acts as critical long-term support. As long as BTC holds above it, the Bitcoin price prediction remains bullish.
Chain Mind also highlights a rise in Bitcoin dominance, which has hit a three-year high. Investors are rotating capital out of altcoins and back into Bitcoin, viewing it as a safer store of value amid broader market uncertainty.
Consider these signs of strength:
Bitcoin’s dominance is rising, while altcoins are losing ground.
Ethereum (ETH) is struggling to hold above $2,500.
Altcoins like SOL and ADA have broken key support levels.
Long-term holders continue to sit on their BTC instead of selling.
This points to sustained institutional interest. Firms like Metaplanet and Strategy have been buying large amounts of Bitcoin, while spot ETFs continue to see inflows, despite price volatility.