Bitcoin Dominance: Technical Analysis
The Bitcoin dominance chart is at a crossroads.
One direction would be a continuation of Bitcoin's dominance over the altcoin segment, as has been the case since the beginning of the year.
The opposite direction, below the dominance level of 62% of market capitalization, boosting the altcoin segment and could drive Ether to seek new all-time highs. Confirmation of this scenario would be the loss of the 60.44% level.
Above the current level, the first resistance level is at the 63.8% level, then the second at 65% to then look for the main channel's top at the 70.5% level.
One direction would be a continuation of Bitcoin's dominance over the altcoin segment, as has been the case since the beginning of the year.
The opposite direction, below the dominance level of 62% of market capitalization, boosting the altcoin segment and could drive Ether to seek new all-time highs. Confirmation of this scenario would be the loss of the 60.44% level.
Above the current level, the first resistance level is at the 63.8% level, then the second at 65% to then look for the main channel's top at the 70.5% level.
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