BTC dominance looks ready to break to new highs. If that happens, most altcoins won’t survive the dump. https://t.co/LubMe38b5b
BTC dominance looks ready to break to new highs. If that happens, most altcoins won’t survive the dump. https://t.co/LubMe38b5b
$BTCDOM UPDATE
$BTCDOM almost back at the resistance and Jan 05 levels, the first 2 weeks of some nice gains in the altcoin market mainly happened as a result of rejection at this resistance on the $BTCDOM chart. So, yes, starting to have a short term bullish bias for the altcoin market now. Would be worth catching a few longs on breakouts mostly.
$OTHERS.D UPDATE - January 12, 2026
$OTHERS.D is trading at a major daily resistance with a clear ascending trendline in formation and if we see a break below, you can expect $BTCDOM to go much higher than expected. The ideal case scenario for longs is a reclaim of daily resistance with a 1D close above 7.22% or a retest of 6.77% support which is not happening anytime soon.
As the index continues to consolidate at the resistance, the focus should be on shorts and I always talk about how everyone should pay attention to these ascending trendline. Just before the October 10 crash, we had a similar trendline break on $OTHERS.D chart. Not saying something similar will happen as it was a much bigger trendline (Formed between June - Oct) but got to be careful still.