- Bitcoin faces strong resistance near $91K as sentiment weakens below Bull Score 40.
- Dominance breakout above 64% meets past resistance, testing trendline and sentiment strength.
- Trader behavior aligns with realized price zones, signaling cautious momentum into 2025.
Bitcoin’s market dynamics show signs of heightened trader activity as dominance nears its multi-year resistance levels. Recent price trends and on-chain behavior indicate technical barriers that may define the near-term crypto landscape.
Trader Realized Price Signals Resistance Ahead
Bitcoin dominance has continued rising through early 2025, revisiting the 64% mark last seen during past macro inflection points. Market watchers are observing the interplay between BTC price movement and behavioral metrics for clues on upcoming trends. Julio Moreno has provided additional insights using realized price data and the Bull Score Index.
Source: CJ on X
The analyst observed that Bitcoin’s realized price for active traders, shown as a pink line, currently sits near $91K–$ 92 K. According to Moreno, this level functions as resistance when sentiment is weak and as support during bullish phases. He connected this behavior with the Bull Score Index, which quantifies market sentiment on a 0 to 100 scale.
Moreno indicated that during bullish market periods, when the Bull Score exceeds 60, the price remains above the trader’s realized level. When the Bull Score drops below 40, this realized level caps price movement and acts as resistance. His chart data shows that Bitcoin is presently in a weaker sentiment phase, with the Bull Score under 40.
During Bitcoin’s 2020 to 2021 bull cycle, the Bull Score remained above 80 while price advanced beyond $ 60 K. By 2022, price fell under $30K and sentiment weakened, with the realized level exceeding spot price. He also pointed out that Bitcoin’s price rebounded in late 2023, approaching $50K as the Bull Score climbed above 60 again.
As 2024 unfolded, confidence fluctuated, and the Bull Score showed alternating trends. However, Bitcoin held between $75K and $100K during these intervals. The analyst emphasized that market participants still treat the $91K–$92K range as a significant test.
Historical Dominance Levels Drive Structural Trend
Rekt Capital is offering additional observations focused on the historical role of Bitcoin dominance in macro crypto cycles. His analysis reviews the interaction between trendlines and previous resistance zones from 2017 through 2025. The chart displays Bitcoin’s market share relative to altcoins, which recently reached 64.34%.
Source: Rekt Capital
Since breaking out of a descending channel in 2023, Bitcoin dominance has risen from 41% to its current level. The analyst showed that the 57.68% mark served as resistance in 2022 and turned into support by late 2023. A blue ascending trendline now intersects with the horizontal resistance band between 63.96% and 66%.
Rekt Capital also pointed to the 71.04% level as a long-term ceiling that triggered reversals in 2018, 2020, and 2021. He emphasized that dominance rejections at these levels have historically led to altcoin outperformance. The current convergence between trendline support and horizontal resistance places Bitcoin dominance in a key decision area.
