Bitcoin Dominance Surges 65.7% Amid Bullish Trends Institutional Inflows

Bitcoin dominance has surged past 65.7%, indicating a strong preference among investors for the leading cryptocurrency. This shift is supported by a bullish MACD crossover and a bull flag pattern, which suggest that Bitcoin could potentially reach $137,880 in the near future. The bull flag pattern, which has been forming since the March correction, shows a clear ascending trendline with consistent volume, reinforcing the bullish outlook.

Historically, when Bitcoin dominance retests the 64% level as support, it has led to continued gains toward the 71% level. This pattern is further supported by institutional inflows, which favor Bitcoin and position it as the leading crypto asset. The increasing dominance of Bitcoin is also driven by its relative safety and lower volatility in times of macro uncertainty and bear markets.

The bull flag pattern on Bitcoin’s daily chart began with a rapid price drop from $105,000 to $75,000, followed by a strong rebound in April. Since May, Bitcoin has been trading within parallel trendlines, forming the flag portion of the pattern. The MACD indicator shows a bullish crossover, which often precedes significant price movements. A decisive breakout from this pattern could validate the bull flag and trigger a rally toward the projected $137,880 price target.

Institutional capital is increasingly moving into Bitcoin, further supporting its dominance. This trend is driven by the perception of Bitcoin as the most reliable cryptocurrency store of value. As altcoins underperform, investors are turning to Bitcoin, reinforcing its position as the leading cryptocurrency. This shift in investor preference is likely to continue, positioning Bitcoin as the dominant crypto asset in 2025.