Bitcoin News Today: Bitcoin's Dominance Hits 72% Resistance as Altcoins Gain Momentum

Bitcoin's dominance has encountered a key resistance level around 72%, marked by a monthly Bearish Engulfing Candle pattern, echoing similar formations observed before the 2021 altcoin rally [1]. This technical rejection suggests that capital may be starting to shift away from Bitcoin into alternative cryptocurrencies, signaling a potential altcoin surge. Market analyst Merlijn The Trader notes that the current market setup resembles the period preceding the 2021 altseason, when Bitcoin's market share declined sharply as investors flocked to altcoins [2].

Technical indicators further support this narrative. A bearish MACD cross in mid-2025 has confirmed a shift in momentum away from Bitcoin and toward altcoins [3]. The MACD histogram has also moved into negative territory, indicating weakening momentum for Bitcoin’s dominance and potentially setting the stage for a broader altcoin movement [4].

While Bitcoin still commands a significant 59.55% of the total crypto market cap, altcoins have shown selective gains. Ethereum, for instance, has gained 15.16% in the past week, supported by ETF inflows and its recent Pectra network upgrade. DeFi assets such as Aave have also experienced a 28.43% weekly increase [5]. Additionally, meme coins like DONKEY and TROLL have surged by 349% and 241% respectively, indicating speculative interest, although these gains remain concentrated and have not yet led to a broader shift in market dynamics [6].

The Altcoin Season Index currently stands at 35 out of 100, which, while showing some movement in favor of altcoins, is still far from the 75 threshold that would signal a full-blown altcoin season [7]. Analysts suggest that while Bitcoin's dominance remains strong, the current setup could lead to increased activity and opportunities in the altcoin space [8].

The shift in capital flow is also evident in recent trading patterns, where major altcoins have gained between 2.6% and 4% in recent sessions, while Bitcoin has shown signs of weakness [9]. This divergence has been accompanied by subdued funding rates and lower Bitcoin volatility, encouraging investors to explore alternative opportunities within the crypto market [10].

Although Bitcoin remains the leading cryptocurrency, the current market dynamics indicate a cyclical shift that could lead to increased performance in altcoins. Investors are advised to monitor both Bitcoin’s price action and the relative strength of altcoins to identify potential opportunities. Key resistance and support levels for Bitcoin will be critical in determining the direction of the next major market phase [1].

Source: [1] https://en.coinotag.com/bitcoin-dominance-faces-rejection-potential-altcoin-surge-on-the-horizon/

[9] https://www.blockscholes.com/research