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Bang
@bluesky2710
The chart shows Bitcoin Dominance (% of total crypto market cap) on a monthly timeframe. Currently, BTC dominance is around 65.31% and approaching a critical resistance zone between 67.46% and 73.58%—levels where dominance previously faced strong rejection. This area acts as a potential double-top or key reversal zone. The upward trendline (in blue) stretching from the 2018–2020 lows indicates strong long-term support, suggesting that Bitcoin dominance has been climbing in a steady ascending triangle pattern. However, the highlighted orange arrow implies a potential rejection at resistance and a pullback back toward the 48%–50% zone, where the trendline could act as dynamic support.
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Bang
@bluesky2710
This setup hints at a possible rotation of capital from Bitcoin into altcoins (i.e., an altseason) if the resistance holds. If BTC dominance is rejected here, altcoins could outperform in the short to medium term. However, a breakout above 73.58% would invalidate this scenario and signal stronger BTC dominance over the broader market. Prediction: If rejection occurs below 73.58%, BTC dominance may retrace to the 48%–50% zone over the next 6–12 months, sparking increased altcoin activity.
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