BTC dominance stays inside a rising wedge while RSI weakens and hints at a shift below support.
The 64.55 percent level marks resistance with traders watching for movement toward the 62 percent zone.
A possible breakdown could push market strength away from BTC and back into major altcoins again.
Bitcoin dominance (BTC.D) currently sits at 64.55% as the chart structure signals a likely bearish breakdown in the coming days. A sharp upward trend has carried dominance into a rising wedge formation, typically known for reversals. The setup was posted by CryptoBoss1984 on June 8, 2025, and has attracted nearly 23,000 views.
Source: X Rising Wedge Pattern Hints at Bearish Reversal
The chart reveals Bitcoin dominance has followed a rising wedge pattern since mid-May, showing repeated upward movement within tightening trend lines. The upper bound aligns with the 65.00% region, where recent candles failed to break through. This consistent resistance suggests weakening momentum at the top of the wedge.
A visible arrow drawn on the chart points sharply downward, hinting at a possible breakdown through the lower support line. If this pattern plays out, the move could drag BTC.D down toward the next horizontal support near 62.00%. Historically, such patterns have led to pullbacks when dominant assets fail to maintain pressure.
Beneath the price action, the Relative Strength Index (RSI) displays a bearish divergence. While prices climbed higher, RSI formed lower highs, often viewed as a sign of exhaustion. This signal supports the theory that dominance may soon shift downward, making room for other digital assets to rise in market share.
Community Divided as Chart Gains Attention
The post shared by CryptoBoss1984 prompted wide-ranging reactions across the crypto community, with over 850 likes and dozens of comments. Some traders argued that a sharp correction is overdue, pointing to the tightening wedge and declining RSI strength. One commenter stated that “the breakdown is begging to happen.”
Others expressed contrasting views, with a few expecting BTC.D to target 70.00% if support holds. Another observer noted that it may be “a long way to go,” referencing potential upward momentum still present in Bitcoin’s dominance. This division reflects the chart’s high-stakes tension, as traders anticipate the next move.
Despite differing outlooks, the technical setup remains clear. The rising wedge and RSI divergence are both classic bearish signals. Traders are watching closely for a confirmed breakdown that could trigger capital rotation into altcoins. That rotation could mark the beginning of a broader altseason.
A critical question arises: Can Bitcoin dominance maintain strength or will altcoins finally take the lead in market share?
Market Levels Define the Next Phase
Current levels between 64.00% and 65.00% act as key resistance zones as price consolidates near the wedge’s upper boundary. Should a breakdown occur, the first zone of interest lies around 62.00%, followed by possible support near 60.00%. The RSI currently sits near 69.89, just below overbought territory.
If bulls defend the wedge’s lower bound, a move toward 66.50% cannot be ruled out. However, rejection at current levels would validate the bearish divergence and accelerate downside pressure. This makes the next few sessions pivotal for short-term market structure.
