BTC Dominance Hovering at 59.7% Near Multi-Year Weekly Trendline

2026-01-20 11:45:05

⬤ Bitcoin dominance is currently trading near a crucial weekly support level that’s been holding the line for several years. The chart shows BTC dominance sitting just above an ascending trendline around 59.7%, with recent price action getting squeezed into a tight range. This level has acted as a major pivot point repeatedly since 2023, making what happens next especially important for the broader market.

⬤ Looking at the weekly chart, there’s been a clear uptrend in Bitcoin dominance with higher highs and higher lows stretching back to late 2022. But the most recent candles tell a different story—momentum is fading and there’s barely any follow-through. The structure is technically still intact, but the room for error is getting smaller by the week. When BTC dominance has broken down in the past, it hasn’t been a slow grind lower. Instead, those breakdowns happened fast once support finally gave way.

Previous breakdowns in BTC dominance did not unfold gradually, but instead occurred through sharp, accelerated moves once support failed.

⬤ History backs this up. When Bitcoin dominance has cracked in the past, it usually triggered quick rotations into altcoins across the board. While some traders are eyeing specific alts like XRP as potential winners, the bigger picture is about what a breakdown would mean for the entire market. Right now though, nothing’s confirmed yet—we’re still in wait-and-see mode rather than a clear transition.

⬤ Bitcoin dominance basically shows where the smart money is flowing within crypto. If we see a confirmed weekly breakdown, that would signal a shift away from Bitcoin-heavy portfolios and toward broader altcoin exposure. But if it bounces from here, the BTC dominance trend stays in control. With price coiled up tight near long-term support, the next few weekly closes could make or break the current market structure.

BTC-3,88%

XRP-5,65%

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