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Bitcoin was temporarily pushed to the $108,800 level a few hours ago, but once again failed to regain a higher price, bolstering the highest resistance ever. This rejection puts the market in caution, and investors are hoping for increased volatility in future sessions. As BTC continues to fall below the $109,300 mark, traders are closely watching for signs of confirmed breakouts or potential pullbacks.
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Adding a new layer to the current setup, top analyst Ted Pillows shared a notable development in Bitcoin domination. According to Pillow, Bitcoin’s domination chart now shows the daily bearish release. This is a classic signal that often precedes the change in momentum from Bitcoin to altcoin. This divergence occurs when BTC has a higher dominance and the momentum indicator begins to weaken, suggesting that the relative strength of Bitcoin may be at its peak.
For Altcoin investors, this could be an early signal of the shift. Historically, bearish divergence in domination led to strong ones AltCoin Ralliesas capital begins to flow from BTC to higher and more solid assets. Bitcoin integrates a consolidation that is close to resistance, but soon attention shifts towards altcoins and sets the stage for possible alter seasons.
Bitcoin integrates as a chart signal Altcoin rotation
Following the resolution of global tensions between the US, Israel and Iran, Bitcoin has surged above the $105,000 level, signaling renewed trust across the global risk market. The move marked a significant recovery from previous uncertainty, with BTC regaining critical support and shifting its focus to the $110,000 resistance zone. But despite the initial breakout, Bitcoin is struggling to push into unknown territory. Many believe that price action is choppy and directional, and that the market can be a critical move.
Analysts continue to seek breakouts, Quoting strong accumulation trends, improving macroeconomic conditions, and a A bullish long-term structure. However, the inability to go beyond the $109,300-110,000 range raises concerns about weakening momentum. The longer Bitcoin remains capped under resistance, the more likely it is that capital will begin to spin into other parts of the market.
Recently, top analyst Ted Pillow Important shared insights I support that paper. Bitcoin’s domination shows the daily ebbing of bearishness, according to Pillow. This is a classic sign of an imminent trend reversal. As BTC’s dominance rises, but weakens momentum, it suggests that Bitcoin’s recent strength will decline, suggesting that a shift to altcoin may be ongoing.
Historically, the divergence of bearishness in BTC domination has often preceded the sharp revisions in bitcoin and explosive gatherings across the Bitcoin market. Once Bitcoin is integrated and its advantage loses strength, it could be that conditions for the next big alternative season are being formed. Nothing is guaranteed, but the combination of geopolitical relief, market indecisiveness and technical signals suggests a sharp turn is near. Traders are currently closely watching both the price and the level of control of BTC.
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ETH/BTC chart shows signs of inversion
ETH/BTC weekly charts reveal long-term downward trends that have been ongoing since the second half of 2022, with Ethereum consistently suffering from poor performance against Bitcoin. Since peaking above 0.085 BTC in the second half of 2022, the pair has steadily declined, and is currently trading around 0.0228 BTC. This has not been seen since 2020.
However, current price actions show early signs that this trend may be nearing its end. It appears that ETH/BTC has found a local bottom just above the 0.02 BTC zone after a sudden drop. The pair are well below the 50 (week), 100 and 200 moving averages, but sales momentum is clearly slowing and volumes are beginning to stabilize.
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This phase suggests that a swing may be formed. If Ethereum is able to regain a higher level of support and Bitcoin’s advantage continues to show bearish diversity, as mentioned in recent market analysis, the ETH/BTC ratio could start to rise again. A spin from Bitcoin to Ethereum and other altcoins could soon follow, potentially marking the beginning of a new phase of the crypto cycle where altcoins begin to outperform.
Dall-E special images, TradingView chart
