$BTC

Current Bitcoin Dominance Status

• Current Ratio: Ranges between 52.5% and 64% according to various sources, indicating market fluctuations.

• General Trend: Dominance rose to record levels in early May, followed by sharp declines, reflecting shifts in capital flows.

📊 Technical Analysis

1.

Key Resistance

:

Located between 64% – 65%, where the price was previously rejected at these levels, indicating a potential reversal in trend.

2.

Strong Support

:

Around 52% – 54%, a historic support level that may witness bounces if reached.

3.

Ascending Wedge Pattern

:

Some analyses suggest that dominance has broken out of an ascending wedge pattern, which could lead to further declines in dominance.

📈 What Does This Mean for Investors?

• Rising Dominance: Indicates a preference for Bitcoin as a safe haven, which may lead to weak performance for altcoins.

• Declining Dominance: Indicates increased interest in altcoins, which may signal the beginning of an altcoin season.

🧭 Recommendations for Investors

• Monitor Dominance Levels: A drop below 60% may indicate the start of an altcoin season.

• Portfolio Distribution: Diversify investments between Bitcoin and altcoins based on dominance movements.

•