Bitcoin: Dominance Peaks as Altcoins Outperform

Bitcoin dominance has peaked and stands ready to fall further, according to trader Michaël van de Poppe, who expects altcoins to outperform once BTC bottoms and consolidates.

Price action on the 4h chart shows BTC trading at $63949.84 inside Bollinger Bands with upper resistance at $74700.07, while EMA50 at $70956.19 and EMA200 at $75210.46 act as firm overhead resistance in the prevailing bearish structure; the MACD death cross at -2319.26 reinforces downside momentum even as RSI at 18.94 flashes oversold, creating confluence for a relief bounce toward the lower band support at $62227.2 before dominance resumes its decline.