Bitcoin’s market dominance, a key metric tracking its share relative to the broader cryptocurrency market, is currently at 61.3%. This level represents a substantial gain of over 23 percentage points since mid-2024.
Analysts highlight significant resistance for Bitcoin dominance at the 64% level. A decisive failure to breach this resistance could trigger capital rotation away from Bitcoin.
Technical indicators support the potential for a shift in momentum. The Bitcoin Dominance chart shows a potential bearish MACD crossover developing, often signaling weakening upward momentum.
Simultaneously, altcoins exhibit bullish technical signals. The TOTAL2 (market cap excluding BTC) and TOTAL3 (market cap excluding BTC and ETH) charts have both recently formed a golden cross pattern, often considered a harbinger of potential upward price movement in the underlying assets.
Historical market behavior provides further context. Periods of pullbacks in Bitcoin dominance have frequently preceded significant rallies in altcoins. Should dominance break down decisively below the 64% barrier, analysts anticipate it could act as the key catalyst for a major altcoin rally with potential gains extending for several weeks.