Bitcoin Dominance: Breakdown Looms as Ethereum Strengthens
Bitcoin dominance holds despite Ethereum gains with BTC at $64571.36, pointing to near-term shift on the Bitcoin dominance chart.
SourceAnalysis
Bitcoin dominance refuses to crack lower despite Ethereum outperformance, setting the stage for an imminent breakdown on the Bitcoin dominance chart as noted by @CryptoMichNL.
Price action on the 4h chart shows BTC at $64571.36 holding above EMA50 support at $63270.55 and EMA200 at $63725.17 while MACD prints a bullish golden cross at 107.19 and RSI sits neutral at 62.41 inside the Bollinger Bands; with price pressing the upper band resistance at $65199.41, a measured pullback toward the 50-EMA confluence appears likely before any continuation higher. This setup feeds directly into BTC price prediction models and raises questions around potential crypto market crash rotations if dominance finally rolls over.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast