Bitcoin Dominance Approaches 71%: Altcoins Under Pressure, Bull Market Shifts Ahead

Bitcoin dominance has surged to a level not seen since early 2021, breaking through key resistance at 64% and signaling potential for altcoin underperformance. Analysts predict this move toward 71%, a historic high, could lead to a shift in capital allocation and reshape the crypto market landscape. With Bitcoin’s market dominance steadily climbing, Rekt Capital has observed a bullish trend since early 2023, marked by consistent higher lows and uninterrupted green candles. This sustained momentum has fueled an ascent toward historical resistance, sparking concerns about potential altcoin underperformance.