bullish

Bitcoin

Resistance

Challenge

Rise

<ul class="wp-block-list">
 <li>Bitcoin dominance tops 57.68%, showing resilience as altcoins struggle to compete. Investors eye a potential 71.04% resistance test.</li>  
 <li>Since 2022, Bitcoin's dominance has surged with a stable trendline, now reaching 60.12%. Confidence in Bitcoin remains strong.</li>  
 <li>Rising Bitcoin dominance signals a bullish trend, breaking past key levels and hinting at new highs as altcoins lose ground.</li> 
</ul>  
<p>Altcoins struggled to compete as <a href="https://cryptonewsland.com/bitcoin-surpasses-410-billion-market-capitalization/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s market dominance surged since 2022</a>, breaking key resistance levels and recovering a stronger position. Following a steady rise, Bitcoin dominance recently surpassed the critical 57.68% threshold—a historic monthly close not seen since early 2019.</p>  
<p>This pattern indicates a positive future for Bitcoin's market share, which is presently hovering at 60.12%. Additionally, an upward trendline that has offered stability for the previous two years supports this momentum. Investors are keeping an eye on whether this dominance will revisit previous highs and pose a threat to the next resistance level, which is 71.04%.</p>  
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<h2 class="wp-block-heading" id="h-bitcoin-s-steady-rise-above-key-support-levels">Bitcoin's Steady Rise Above Key Support Levels</h2>  
<p>After emerging from a falling wedge pattern and breaching the crucial resistance zone between 50% and 55%, <a href="https://www.statista.com/statistics/1269669/bitcoin-dominance-historical-development/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin's dominance</a> has been on the rise since 2022. Bitcoin saw a similar increasing trend in 2018 with a volume of 13.17 trillion over 304 days.&nbsp;</p>  
<p>Comparably, the recent upward trend in 2023 spanned 274 days, reaching a volume of 48.467 trillion. This steady climb above support levels signals strong market confidence, particularly as Bitcoin dominance reached a high point at 60.12%. Additionally, Bitcoin’s rising dominance emphasizes its resilience, even as altcoins try to capture investor interest.</p>  
<h2 class="wp-block-heading" id="h-key-resistance-and-support-levels-ahead">Key Resistance and Support Levels Ahead</h2>  
<p>With Bitcoin's dominance currently above 57.68%, the next critical support is set at 53.87%, while major resistance lies at 71.04%. These levels are pivotal for understanding <a href="https://cryptonewsland.com/crypto-expert-doctor-profit-analyzes-bitcoin-stability-and-breakout-potential/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin's potential to maintain its upward trend</a>.&nbsp;</p>  
<p>Historically, when Bitcoin last achieved a monthly close above 57.68%, it briefly retested this level before rallying to new highs. This pattern suggests that Bitcoin dominance could retest previous levels before moving towards the 71.04% resistance.</p>  
<p>Additionally, the rising trendline that has supported Bitcoin's supremacy over the previous two years indicates that investors are becoming more <a href="https://funds-europe.com/crypto-confidence-is-driving-institutional-investment-study-finds/#:~:text=The%20research%20also%20found%20growing,and%2041%25%20within%20seven%20years." target="_blank" rel="noopener noreferrer nofollow">confident</a> in Bitcoin relative to other cryptocurrencies.&nbsp;</p> 
<p>The post <a href="https://cryptonewsland.com/bitcoin-dominance-hits-new-heights-will/" rel="noopener noreferrer nofollow">Bitcoin Dominance Hits New Heights, Will It Challenge Historic Resistance Levels?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin Dominance Hits New Heights, Will It Challenge Historic Resistance Levels?

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