Bitcoin dominance is retreating from a 67% rejection and sits at 58.35%, opening room for altcoins as the altcoin market cap consolidates near $1.56 trillion; key supports at 54.55% and 51.20% determine whether dominance resumes or altcoins gain further share.
Bitcoin dominance pulled back to 58.35% after rejection at 67%, with support levels at 54.55% and 51.20%.
Altcoin market cap consolidates between $1.5T and $1.6T with neutral RSI (~51.5) and weakening MACD momentum.
Long-term descending resistance (72%→71%→67%) vs rising support near 43% forms a contracting triangle for BTC dominance.
Bitcoin dominance retreats after 67% rejection; altcoins consolidate near $1.56T — read levels, implications, and next steps. Stay informed with COINOTAG.
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Bitcoin dominance is retreating after a rejection near 67%, now trading at 58.35%. The move signals short- to mid-term weakness in dominance and creates an opportunity for altcoins to consolidate or reclaim market share if support zones at 54.55% and 51.20% hold.
Long-term data shows descending resistance lines: rejections near 72% (2017), ~71% (2021) and ~67% (2025). Rising support has formed near 35–40% historically and now projects toward 43%, producing a contracting symmetrical triangle. This pattern narrows the range and increases the likelihood of a decisive breakout or breakdown in coming months.
Immediate levels: current dominance 58.35%; short-term supports at 54.55% and 51.20%. Failure of these supports could extend the decline toward 48%. Conversely, a reclaim above mid-60s would invalidate the near-term bearish bias and reassert Bitcoin control.
Altcoin market cap stands at $1.56 trillion with a daily gain of 1.80% (~$27.62B). After a strong advance between March and July, the market entered consolidation between $1.5T support and $1.6T resistance. Trading volume (~$244.12B) is below rally highs, RSI sits near neutral (51.55), and MACD shows short-term weakening—indicating balanced conditions rather than trending expansion.
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Source: https://en.coinotag.com/bitcoin-dominance-could-fall-after-67-rejection-altcoins-may-consolidate-around-1-56t/