🚀 BTC Dominance: what's next?



Today, BTC Dominance is holding at 59.4%, near the key support of 59.2%.
In recent months, we have seen a breakout of the ascending channel, and now Bitcoin is gradually losing market share.

📉 What does this mean?
When dominance falls, altcoins start to show better dynamics. This is a classic signal for a possible alt season.

🔎 Picture by levels:

Support: 59.2% ( key zone from where a rebound is possible ).

Resistance levels: 60.4% – 60.9% – 62.4%.

If 59.2% does not hold, the next target for decline: 55% and even 50%.

📊 Scenarios:

Bullish: a rebound upwards from 59.2% with a return to the range of 60–61%.

Bearish: breakout downwards → drop into the zone of 55% and below, which will strengthen the influx of capital into altcoins.

⚡️ Currently, the dominance is under the Ichimoku cloud, indicating the continuation of bearish pressure.

💡 Output:
Bitcoin is losing ground, and the market is preparing for the activation of altcoins. We are watching the level of 59.2% — this will determine whether there will be a rebound or a continuation of the decline.
BTC1.5%
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GateUser-c8cac84fvip
· 08-22 03:03
Thank you for your sharing.
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Ybaservip
· 08-21 20:45
Thank you for the information 🤗🍀
Reply0
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