Bitcoin

Momentum

Resistance

Time

<ul class="wp-block-list">
  
 <li>Bitcoin dominance faces resistance at 58%-63%, signaling potential retracements and opportunities for altcoin growth into 2025.</li>   
 <li>Altcoins gain strength as $BTC.D consolidates, with historical support at 41% offering traders critical pivot zones for market positioning.</li>   
 <li>Analysts project altcoin rebounds as Bitcoin dominance weakens, driven by cyclical market trends and diverging price action in late 2024.</li> 
</ul>   
<p>Bitcoin market dominance ($BTC.D) remains a focal point as it tests key resistance and support levels. Analyst astronomers highlight the <a href="https://cryptonewsland.com/binance-gets-vasp-license-in-dubai-setting-stage-for-big-changes/" target="_blank" rel="noreferrer noopener sponsored nofollow">continuous changes in dominance</a> and their effects on cryptocurrency markets. A crucial stage for traders was recently marked by the recent peak of Bitcoin dominance, a gauge of the cryptocurrency's entire market share, which was close to 58.41%.</p>   
<h2 class="wp-block-heading" id="h-bitcoin-dominance-peaks-amid-resistance">Bitcoin Dominance Peaks Amid Resistance</h2>   
<p>Bitcoin dominance hovered within the 55%-63% range throughout late 2024. Key resistance levels were identified at the 58%-60% Monthly Breaker Open and the 0.618 Fibonacci retracement zone near 63%. These zones present hurdles, influencing price action. Besides these resistance points, analysts observed a gradual retracement after dominance peaked, hinting at potential consolidation.</p>   
<p>The dominance suggests <a href="https://cryptonewsland.com/cryptoquant-ceo-sees-no-fomo-in-retail-bitcoin-activity-despite-price-fluctuations/" target="_blank" rel="noreferrer noopener nofollow">Bitcoin's share may experience fluctuations</a> into 2025, with sharp drops anticipated. Critical support levels include 47%, 41%, and 38.5%. Notably, the 41% range aligns with historical support zones from mid-2021 to early 2023, marking turning points for broader market activity.</p>   
<figure class="wp-block-image">
 <img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfK6dm0CBcWZdtRhDMEtM7QYFMqJrF4QbzZkIhe48dLDAT8KE-qtpfVY0dZYWFP0TYkpoRSdvLMMar1yAvwymb-Ik3I00g2yR7KTirZGQnvQR6g5P0FEB-BrNGva9hDOyoSZyq6eQ?key=FSfJvn4czfXscdxjq0S-F2Aq" alt="">
</figure>   
<p>Source: <a href="https://x.com/astronomer_zero/status/1872124782252347766" target="_blank" rel="noreferrer noopener">astronomers</a></p>   
<h2 class="wp-block-heading" id="h-altcoins-gain-momentum-against-bitcoin">Altcoins Gain Momentum Against Bitcoin</h2>   
<p>While Bitcoin’s dominance challenges resistance, altcoins display relative strength. Astronomer highlights substantial rebounds in altcoins, signaling a divergence from previous patterns like March 2024's Bitcoin-dominated trends. Moreover, the ongoing Bitcoin dominance peak contrasts with earlier phases, bolstering altcoins' potential to outperform.</p>   
<p>Additionally, traders are capitalizing on this divergence. Shifts in Bitcoin dominance typically encourage altcoin accumulation, particularly during consolidations. As Bitcoin dominance weakens, <a href="https://cryptonewsland.com/altcoins-positioned-for-big-gains-before-2025/" target="_blank" rel="noreferrer noopener nofollow">altcoins are positioned for growth</a>, supported by cyclical market movements and reduced macroeconomic noise.</p>   
<p>Analysts predict Bitcoin dominance may face retracements unless it sustains movements above the 63% resistance. These retracements are expected to test lower levels, potentially reinforcing altcoins’ relative strength. Consequently, traders are advised to monitor key pivot zones, including the 55%-63% range and lower supports at 47% and 41%.</p> 
<p>The post <a href="https://cryptonewsland.com/bitcoin-dominance-hits-resistance-is-it-time-for-altcoins-to-shine/">Bitcoin Dominance Hits Resistance, Is It Time for Altcoins to Shine?</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Bitcoin Dominance Hits Resistance, Is It Time for Altcoins to Shine?

Table of Contents

Crypto News Land

Other articles published on Dec 27, 2024

SuperEx丨Only 4 days left until 2025: Gains and Losses in the 2024 Cryptocurrency Market

TON Ecosystem Expands with Stablecoins, DEX Growth in 2024

Bitget announces token merger, BGB price increases amid market-wide declines

Africa loses $1.6bn daily to illegal cross-border financial flows – AfDB

Top Coins To Join for Short Term: 6 Coins To Watch for Life-Changing ROI in 2025

Bonk Price Drops 7% Even After The BURNmas Removes $51 Million Worth Of Tokens From Circulation

Join our free newsletter for daily crypto updates!