Bitcoin News Today: Bitcoin Dominance Drops 0.38% Weekly to 61.40% Amid Trendline Breakdown

Bitcoin dominance has experienced a notable decline, dropping to 61.40% and marking a weekly decrease of 0.38%. This shift follows a significant trendline breakdown, which has pushed the BTC.D index toward a crucial support zone ranging between 60.00% and 61.00%. The recent trendline breach has altered the market's outlook, transitioning the dominance metric into a corrective phase. This support zone has historically served as a short-term demand area, and the current price action suggests that Bitcoin dominance is testing this region after an extended rally since early 2024.

The downward movement was triggered by a clear breakdown from the ascending trendline that had supported the previous uptrend. A steep red candlestick closed below this trendline, confirming the structural breach. Following this, the price continued to descend into the highlighted support range. The move comes after multiple weekly green candles failed to sustain momentum beyond 64.00%.

Current price action around the 61.40% mark indicates some interaction with the upper boundary of the support zone. While a temporary reversal could emerge from this level, the overall movement still leans downward. The broader technical structure supports this direction, with lower highs forming post-break. The red directional arrows in the chart project a continuation towards deeper levels, including support zones at 60.32%, 55.31%, and 54.51%. Each of these zones may act as new targets should selling pressure persist.

As of now, Bitcoin dominance remains within a key range, with 61.01% and 60.32% offering nearby support. These levels will likely attract attention in the coming sessions. Any brief bounce could be met with resistance closer to the 64% region, which previously acted as supply. Until further breakout or consolidation, BTC.D maintains its course within a bearish technical structure. Overall, dominance continues to retreat from the highs of mid-2025, now charting its position toward lower price bands. Currently Bitcoin is trading at $117,960 which is a 0.5% decline in price.