$BTC

📊 Technical analysis of BTC Dominance

On the daily chart, it shows that Bitcoin dominance has reached historical resistance levels, indicating the possibility of a correction or a shift in the market in favor of altcoins.

🔻 Support Levels:

• 63.5%: Considered an important psychological and technical support.

• 62.5%: A key support that may indicate the beginning of a market shift.

🔺 Resistance Levels:

• 65%: A strong historical resistance, breaking it may indicate the continuation of Bitcoin dominance.

• 66%: A psychological and technical resistance level, breaking it may enhance Bitcoin dominance.

🔮 Future Predictions

• Increase in Bitcoin dominance: If Bitcoin dominance continues to rise and surpass resistance levels, it may indicate a continued preference for Bitcoin over altcoins.

• Decrease in Bitcoin dominance: If Bitcoin dominance starts to decline and breaks support levels, it may indicate a market shift in favor of altcoins, signaling the beginning of Altcoin Season.

🧠 Conclusion

Bitcoin dominance on the daily timeframe shows signs of a potential market shift. It is important to monitor key support and resistance levels to determine the future direction of the market.

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