Bitcoin Dominance Chart Remains Very High Despite Crash, What This Means For Altcoins
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Despite last week’s crash, Bitcoin Dominance (BTC.D) remains significantly elevated, reinforcing its strong position on the charts. This sustained rise in dominance sends a clear message that Bitcoin (BTC) still holds a considerable amount of investor attention, leaving the rest of the market, particularly altcoins, struggling to keep pace. Bitcoin Dominance Powers Ahead, Eyes Major Resistance Since then, Bitcoin has slowly reclaimed its market share, outperforming altcoins in almost all categories, including price performance and market capitalization. Based on the chart, this momentum has led BTC.D to climb past key resistance levels at 48%, 52%, and, more recently, above 60%. Despite a brief retracement this past week, Daan Crypto Trades highlights that the overall structure of the BTC.D chart remains bullish, with the flagship cryptocurrency continuing to attract substantial capital inflows. What stands out the most as Bitcoin Dominance rises is its steady approach toward a critical resistance level at 71.3%—a zone historically marked as the top of BTC.D during previous cycles. Source: Daan Crypto Trades on X The analyst’s chart shows three failed attempts to break this level in 2019, 2020, and 2021. Each rejection was followed by significant altcoin rallies, indicating that this zone could once again be a significant battleground between Bitcoin and the broader altcoin market. If BTC.D revisits this historical resistance level, Daan Crypto Trades suggests that it could serve as a key signal for traders to closely monitor the behavior of altcoins, as any rejection might ignite a strong rotation of capital back into altcoins. For now, Bitcoin remains in control, driven by institutional inflows, increased demand, and a generally positive market sentiment. Altcoins, on the other hand, continue to trail behind, struggling due to reduced liquidity and weaker investor interest.…
Filed under: News - @ May 19, 2025 8:29 pm