Bitcoin Dominance Breaks Key Support, Suggesting Possible Shift Toward Altcoin Strength
2025-07-18 13:58:55
Main Idea
Bitcoin's dominance has dropped below a key support level, signaling a potential shift in investor preference toward altcoins, as indicated by technical indicators and market trends.
Key Points
1. Bitcoin Dominance (BTC.D) fell below the 62.20% support level, dropping to 61.71%, a level that had held since April 2025.
2. The MACD indicator shows pronounced downside momentum, with the MACD line at -0.61, crossing below the signal line at -0.24.
3. Analysts identify the next support zone for Bitcoin Dominance between 60.0% and 60.5%.
4. Altcoin dominance is rising, excluding Ethereum, suggesting a shift in investor behavior toward other altcoins.
5. Market commentator Alphractal noted that the altcoin market is gaining strength, gradually reducing Bitcoin's dominance.
Description
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