Bitcoin News Today: Bitcoin Dominance Consolidates Near 73% Resistance Amid Altcoin Rally Signals

Bitcoin's market dominance is currently consolidating within a narrow trading range as traders closely monitor a key 73% resistance level. The indicator, which measures Bitcoin's share of the total cryptocurrency market, has historically signaled a shift in market sentiment at this level, often triggering a period where altcoins outperform Bitcoin [3]. Recent price action shows that BTC Dominance was rejected at this threshold in July 2025, reinforcing the potential for a repeat of the 2021 "altseason" pattern where alternative cryptocurrencies gained momentum [3].

The current consolidation suggests a standoff between bearish and bullish forces. If BTC Dominance remains below the key resistance area, it could indicate continued support for altcoins, as historically, periods of declining dominance have coincided with strong altcoin performance. Conversely, a breakout above the resistance on the 4-hour chart could signal a shift back to Bitcoin-led market leadership, potentially pushing dominance toward 65% or higher [1].

Technical indicators also show a mixed picture. While Bitcoin ended July with a gain of 8.04%, the Bitcoin Advanced Sentiment Index has dipped below the 50% neutral level, reflecting bearish positioning among traders [2]. This bearish sentiment is compounded by bearish MACD crossovers and unfavorable candlestick patterns [3], which could challenge Bitcoin’s near-term momentum.

Meanwhile, Bitcoin dominance has declined by 5.87% in the last month and 5.21% over three months, having previously peaked near 66% [6]. This trend indicates a growing reallocation of capital into alternative cryptocurrencies and suggests a broader diversification strategy among investors.

Looking ahead, a potential breakout above the $141,000 resistance level, as suggested by a new Glassnode report, could mark the next major milestone for Bitcoin, particularly if spot Bitcoin ETFs receive U.S. approval [5]. However, failure to hold this level could lead to further consolidation or a downward correction.

The broader macroeconomic environment remains volatile, with high inflation and U.S. policy uncertainty contributing to market turbulence. Over $7 billion in Bitcoin and Ethereum options expire around this time, adding to selling pressure [7]. Despite this, Bitcoin, along with XRP and Ether, has shown resilience, recovering overnight losses as analysts look ahead to the Federal Reserve’s upcoming decisions, which could influence investor sentiment [8].

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[1] BTC.D still chopping inside this mini range. PA needs to stay below the red box for Altcoin to go higher and resume its next leg. — Scient (@Crypto_Scient) August 1, 2025

[2] Bitcoin Advanced Sentiment Index Reaches Bearish Levels (https://www.tradingview.com/news/newsbtc:d14521c70094b:0-bitcoin-advanced-sentiment-index-reaches-bearish-levels-futures-traders-show-caution/)

[3] Bitcoin Dominance Rejected at 73% as Altseason Signals ... (https://www.ainvest.com/news/bitcoin-news-today-bitcoin-dominance-rejected-73-altseason-signals-strengthen-2508/)

[4] Week In Review: Has The Bitcoin Bullish Trend Resumed? (https://www.bitcoinsensus.com/news/bitcoin/week-in-review-has-the-bitcoin-bullish-trend-resumed)

[5] $141000 Could Be Next Key Bitcoin Resistance If Price ... (https://www.mitrade.com/insights/news/live-news/article-3-999346-20250731)

[6] Bitcoin dominance continues to shrink, which altcoins are ... (https://crypto.news/bitcoin-dominance-continues-to-shrink-which-altcoins-are-poised-for-a-breakout/)

[7] Altcoins Accumulation Phase Continues: Breakout ... (https://blockchain.news/flashnews/altcoins-accumulation-phase-continues-breakout-expected-after-bitcoin-btc-correction-says-micha-l-van-de-poppe)

[8] Bitcoin, XRP, Ether Recoup Overnight Losses (https://cryptoadventure.com/bitcoin-xrp-ether-recoup-overnight-losses-as-analysts-point-to-growing-threat-to-fed-independence/)