🚨 BTC Dominance – Market Update ⚠️
Current Level: 64.82%
Market Structure
• BTC dominance has broken a key structure at 64.63%, pushing into the upper supply area between 64.63% and 65.30%
• After breaking this level price is retesting it and showing retracement on lower timeframe
• Despite the pullbacks, the overall trend remains bullish with higher demand levels intact
Outlook
• The resistance level at 64.75% has broken so it will act as an Immediate support now
• Support zones below remain at 63.48%–63.20% |
• As long as BTC dominance trades above the 60.27% structural base, the broader bullish outlook remains valid
• A breakout above 65.00% could fuel continued strength in BTC dominance, likely weighing on altcoin performance
Catalyst to Watch
• As, we stepped into weekend, so lower volatility is expected, but due to geopolitical conditions price may remain volatile, so stay safe.
Impact on Altcoins
• Rising BTC dominance indicates capital rotation into bitcoin, generally leading to underperformance of altcoins
• A rejection and retracement toward support zones may offer short-term opportunities for altcoins to rebound
Conclusion
• BTC dominance has broken above the 64.63% key level and is now reacting to the 65.00% resistance zone
• Price behavior at current levels will determine whether dominance continues higher or sees a pullback
• Traders should watch 63.48% as a key pivot zone in the coming sessions