Bitcoin dominance is currently testing a major long-term resistance zone formed by the upper boundary of a multi-year wedge. After months of steady climb, the structure is now showing the first signs of exhaustion
If dominance loses the key 60% support zone, that would mark a major structural shift — historically followed by downtrends in dominance and strong capital rotation into altcoins.
Until dominance reclaims the upper trendline or regains bullish momentum, the risk-reward now favors altcoins. Momentum is shifting. Altseason might just be around the corner.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.