Saad Ullah
⬤ Bitcoin dominance (BTC.D) is closing in on one of the cycle's most important support zones, with markets watching closely to see if Bitcoin's leadership is about to fade. Currently trading around 59%, BTC.D is heading straight for the 57.8% level—a structural foundation that's held up its multi-year uptrend. The chart shows BTC.D testing a long-term rising trendline that's been supporting it since 2022.
⬤ Bitcoin's market share has cooled off after hitting highs above 65% earlier this year. Recent weekly candles show fading momentum and building pressure near support. A clean weekly close under 57.8% would crack both the horizontal support and the ascending trendline, potentially opening the floodgates for a deeper drop. The projected path on the chart points toward the mid-40% range, with possible extension down to 40%.
⬤ Altcoins like XRP and Ethereum typically catch fire only after BTC dominance breaks below this key level. Right now, market rotation hasn't started because Bitcoin still holds above support, but weakening price action suggests the setup might be forming. Volume activity picks up as BTC.D approaches the trendline, highlighting just how critical this technical zone is.
⬤ A confirmed breakdown in BTC dominance would shake up crypto market dynamics in a big way. It could mark the beginning of an altcoin expansion phase after Bitcoin's long run of outperformance. This would shift liquidity flows, change sector behavior, and flip overall sentiment across digital assets—signaling that capital may finally start spreading beyond Bitcoin. The next weekly close will be crucial in deciding whether we stay in Bitcoin-dominated territory or shift into a broader altcoin cycle.
Saad Ullah
