🚨 VIP MARKET UPDATE: BTC DOMINANCE 🚨
BTC.D at 60.2% — testing MAJOR weekly support 📉
VIP Market Update — Bitcoin Dominance (BTC.D) has fallen to 60.2%, now testing the lower trendline support of a multi-year ascending channel on the weekly chart. This level could determine whether Bitcoin reclaims market share or if liquidity flows more aggressively into altcoins.
Bullish Scenario for BTC
If BTC dominance holds this critical trendline, a rebound toward 62–64% is likely. This would suggest renewed strength in Bitcoin relative to the rest of the crypto market, potentially pulling liquidity away from altcoins.
Bearish Scenario for BTC / Bullish for ALTs
However, a breakdown below 60% could signal the start of an accelerated altcoin rally, as capital shifts from Bitcoin into high-cap and mid-cap alts. Such a move often sparks short-term “mini alt-seasons” with strong price action across the sector.
Key Levels to Watch
Support: 60% BTC dominance (multi-year trendline)
Resistance: 62–64% dominance
Breakdown trigger: Below 60%
Market Insight
Historically, BTC dominance trends have served as a macro liquidity indicator. A bounce here could slow altcoin momentum, while a breakdown could be the green light for traders hunting altcoin breakouts.
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📌 VIP Insight: BTC dominance levels often shift before major price moves in the broader market. Watch this support zone closely — it could dictate where the next wave of capital flows.
Source: @SmartCryptoTrader
