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Bitcoin Dominance May Have Hit Its Cycle High – What Comes Next For Alts?

  • Bitcoin is experiencing selling pressure after failing to break its all-time high, with the market currently in a cooling phase around the $103K-$106K range due to macroeconomic uncertainty and rising volatility.
  • Top analyst suggests Bitcoin dominance may have peaked for this cycle, potentially signaling a shift towards altcoin outperformance, with a focus on Ethereum and other key assets.
  • BTC price is hovering near $103,764 and facing a critical support level at $103,600, with a potential rebound if this support holds or deeper retracements if it breaks, as observed on the 4-hour chart.
  • The market is closely monitoring Bitcoin's price action and dominance trends to determine the next phase in the crypto market, amidst global tensions and uncertainty surrounding US-China trade tensions.

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