According to Mihir (@RhythmicAnalyst), Bitcoin dominance has encountered resistance and is now consolidating with a key support level at 62.4%. This level is crucial for traders, as a hold above 62.4% signals continued Bitcoin strength relative to altcoins, while a breakdown could trigger capital rotation into altcoins. Monitoring this support is essential for optimizing crypto portfolio allocations and trading strategies. Source: Mihir (@RhythmicAnalyst) on Twitter, May 9, 2025.