$BTC According to the famous analyst Rekt Capital, the Bitcoin Dominance Index (BTC.D) - measuring the capitalization ratio of BTC to the entire market - is currently at 64.82% and is expected to rise to 71% before reversing. If this is true, it would be a sign that the altcoin season may be about to begin. Despite being rejected at the resistance area around $99,000, Rekt Capital believes that Bitcoin still needs to hold the support area of $93,500 to continue the upward trend on the weekly chart. The analyst reiterated a similar bullish pattern in April 2024 and stated that if Bitcoin repeats the old pattern, the price could move to new all-time highs. Expected path: Bitcoin rejected at $99,000, $93,500 becoming support, breaking through the $97,000 - $99,000 area, pausing at $104,500, then reaching new highs.
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