- Bitcoin dominance nears critical resistance at 65% as EGRAG CRYPTO signals a looming drop that could spark a major altseason surge.
- A descending triangle since 2021 and current chart behavior suggest BTC dominance may crash toward the 35.50% cycle bottom.
- EGRAG CRYPTO urges locking profits and preparing for a bubble burst while eyeing gold and real estate as strategic hedges.
Bitcoin dominance may be heading for a dramatic reversal, hinting at an incoming altcoin season. According to EGRAG CRYPTO’s latest analysis, BTC dominance recently tested the 65.00% resistance level and now appears primed for a drop.
The current dominance stands at 63.57%, up 1.20% (+1.86%), with total market volume at $267.16 billion. This resistance test comes as historical data patterns begin to align, pointing toward a larger market shift. This move mirrors past cycle peaks followed by sharp declines in dominance.
Dominance Triangle and Key Targets
The data reveals a long-term descending triangle pattern, dating back to 2021. Within this structure, a smaller ascending channel has formed since 2022. This channel, highlighted by white parallel lines, shows short-term upward movement. However, the larger triangle suggests a bearish breakout could follow. Besides, two key downside targets are marked clearly.
Source: EGRAG CRYPTO
Target 1 lies near the 48.00% level, signaling a major pivot zone. Target 2, dubbed the “Cycle Bottom,” hovers at 35.50%. A horizontal green support line reinforces this lower target. Moreover, a yellow arrow now points from the current price down toward that second target, reinforcing the bearish outlook.
Historical Echoes and Investor Strategy
BTC dominance has reached psychological thresholds of 80.00% and 74.00% during prior cycles between 2017 and 2019. These levels marked turning points before major dumps. Consequently, many expect a similar path forward. A green arrow labeled “Back Test” shows a recent upward move from key support, often seen before large drops.
Additionally, EGRAG CRYPTO emphasizes the importance of preparing now. The chart implies that a bubble could soon burst. This shift might signal the beginning of a powerful altseason. Investors are urged to lock in gains and prepare for a re-entry post-correction.
EGRAG also outlines his gold-buying strategy. He plans to accumulate more when prices fall below $2,300, targeting a range of $1,850–$2,000. Hence, besides altcoins, real estate and gold stand out as future hedges.
