$BTC Bitcoin dominance is at a crucial moment. It recently hit a new yearly high of 58% amid a crypto and stock market crash¹. However, if we consider the 200-day pattern I mentioned, with 50 weeks of decline and 150 weeks of growth, we may be close to a turning point.
The previous decline cycle ended in December 2021 near the 40% support, and if the pattern repeats itself, Bitcoin dominance COULD START FALLING as late as OCTOBER 2025². This is consistent with my analysis that the current cycle is one of growth and ends in a week.
It is important to note that the crypto market is volatile and can be influenced by many factors. However, if the pattern holds, we could see a shift in Bitcoin dominance in the coming months.
*Factors to consider:*
- _Market Cap_: Bitcoin dominance is measured relative to the total market cap of cryptocurrencies ³.
- _Market Trends_: Cryptocurrency and stock market crashes can influence Bitcoin dominance ¹.
- _Historical Patterns_: The 200-day pattern may be an indicator of a shift in Bitcoin dominance ².
In short, while there is no certainty, the analysis of the 200-day pattern suggests that Bitcoin dominance could reverse soon. It is important to keep an eye on changes in the market and adjust your strategies as needed.