Bitcoin dominance has reached 72.49, approaching its critical resistance level of 73.3 on the weekly chart.
Historical trends indicate possible downward trend where future forecasts are aimed at attaining levels of about 44.33 by the year 2026.
The price of Bitcoin has stabilized around the price of $107,337, with markets beginning to turn attention to altcoin strength as Fed decisions loom.
Bitcoin’s current technical structure and historical trend suggest a potential shift in capital flow toward altcoins. According to the dominance chart tracking BTC’s share of total crypto market cap, a critical zone has been reached.
The indicator, which measures Bitcoin’s percentage of crypto market capitalization including USDT, USDC, and DAI, now hovers at 72.49, slightly below its marked ceiling of 73.3. This level has previously triggered significant market reactions, suggesting an important moment for market participants.
Resistance Level Pressures BTC Dominance
The weekly chart outlines clear upper and lower boundaries at 73.3 and 44.33 respectively. Bitcoin dominance has revisited the upper resistance range multiple times since 2019 but has failed to sustain above it. At present, the metric remains just under this upper bound, suggesting resistance remains active.
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Notably, the chart shows three downward projections from the current level, each pointing toward lower dominance regions. The prior historical cycle reflects similar moves when dominance reversed near comparable zones. Based on this chart, if resistance at 73.3 remains firm, a downside retracement toward the lower levels could become visible.
Bitcoin Holds Steady as Dominance Chart Hints at Possible Reversal
As of the most recent data, Bitcoin trades at $107,337 with a 24-hour gain of 0.2%. The asset's support level is located at $106,556, while its near-term resistance sits slightly higher at $107,572. The tight range indicates stability, though it coincides with a potential topping pattern on the dominance chart.
However, despite the stable price, a reversal in dominance often corresponds with capital rotation. This may suggest reduced relative strength in Bitcoin versus other digital assets.
Market Watches Fed Decision in September
According to projections, policymakers should revisit interest rate decisions in September. Broad market volatility could occur through a rate cut that is widely expected. Descending projections of the dominance chart seem to be scheduled around mid-to late 2025, which correspond with potential macroeconomic catalysts.
In conclusion, the dominance chart provides visual cues for a possible Bitcoin cycle top in relation to altcoins. This framework is further reinforced by the asset’s current technical range and upcoming macroeconomic events.
