Bitcoin Dominance Breaks Channel, Possibly Favoring Altcoins in Compressed Crypto Market
The post Bitcoin Dominance Breaks Channel, Possibly Favoring Altcoins in Compressed Crypto Market appeared on BitcoinEthereumNews.com.
The crypto market cap is currently compressed between key June and October lows, forming a decisive range that could signal broader momentum shifts. Bitcoin dominance has broken from its year-long ascending channel, potentially paving the way for altcoin gains if rejection holds at the retest level. The total crypto market cap trades within a narrow range between June lows and the October 10 flush, guiding trader expectations for upcoming direction. Reclaiming the October breakdown level could target the green resistance zone near the daily 200 MA and 200 EMA. Bitcoin dominance’s channel breakdown and retest may support altcoin performance, with analysts noting reduced volatility and neutral momentum in the market. Crypto market cap faces critical compression between major levels as Bitcoin dominance breaks key channel. Discover potential paths for recovery or downside risks in this analysis. Stay informed on market trends today. What is the Current Status of the Crypto Market Cap? Crypto market cap is currently trading in a compressed range between the June lows and the October 10 flush low, creating a pivotal zone for near-term direction. This setup, as observed by market analyst Daan Crypto Trades, reflects neutral momentum and reduced volatility, with traders closely watching for a breakout. A successful reclaim of the October breakdown level could open paths toward higher resistance, while a drop below June support might signal renewed downside pressure. How is Bitcoin Dominance Influencing Market Dynamics? Bitcoin dominance has recently broken down from its year-long ascending channel, a development highlighted by analyst Bitcoinsensus, and is now retesting the underside of that structure. This shift could create favorable conditions for altcoins if the rejection holds, allowing for potential outperformance in the broader market. Supporting data from recent sessions shows Bitcoin’s share of the total crypto market cap dipping below previous highs, aligning with…
Filed under: News - @ December 10, 2025 9:40 am