Bitcoin’s market dominance (BTC.D) surged to 59.22% as of October 25, marking the highest level in its bull cycle since September 2022. As the upward trend continues, BTC.D now stands at 59.16%, according to TradingView. The pressing question is: how long will Bitcoin’s supremacy last?
A Potential Decline in Dominance?
Many analysts in the crypto space have observed a distinct 200-week pattern in Bitcoin’s market dominance. This model suggests that Bitcoin’s market hold declines for 50 weeks, followed by a 150-week ascent. The last decline phase concluded near the 40% support level in December 2021, marking the start of an upward trend that has persisted since.
In the current cycle, Bitcoin’s market dominance began its growth phase in late 2021, and it appears to be nearing the end of its 150-week growth period. According to market experts, this cycle may wrap up within the week, potentially ushering in a new downtrend that could last until October 2025.
A New Downtrend for Bitcoin Dominance?
Experts believe this historical model has a high likelihood of accuracy. Based on previous cycles, Bitcoin’s dominance may soon enter a correction phase, potentially starting a downward trend that could extend through 2025. However, these projections, while grounded in historical data, should be approached cautiously due to the high volatility in crypto markets.
Any shifts in Bitcoin’s dominance over the coming days could ignite broader movements in the crypto market. A decline in dominance could create favorable conditions for altcoins, leading to upward momentum that investors will be closely watching.
Bitcoin dominance, altcoins, 150-week cycle, correction phase
