1. Current situation:
- Bitcoin dominance: 64.04%, with a slight decrease of -0.50% (0.32 points).
- This indicates the continued dominance of Bitcoin in the cryptocurrency market, but with a slight decline that may reflect the beginning of a shift towards alternative currencies (Altcoins).
Key support and resistance levels:
- Nearby resistance:
- 64.50% (recent high).
- 65.00% and 65.50% (strong historical resistance levels).
- Nearby support:
- 62.50% and 62.00% (immediate support levels in case of a decline).
- 60.00% and 59.50% (key long-term support areas).
Forecast
- Bullish scenario:
- If dominance exceeds 64.50%, it may target 65.00% or 65.50%.
- Bearish scenario:
- If it drops below 64.00%, it could reach 62.50% or 60.00% (especially with increased demand for Altcoins)
).
Summary:
The current dominance of Bitcoin reflects strong control but is threatened by market shifts; it is advisable to monitor the 64.00% level as a key pivot, with signals of strong movement upon breaking critical levels (65.50% or 60.00%).
