Bitcoin Dominance TO 52% with in 7 to 14 days

Bitcoin dominance has recently experienced a significant upward trend, reaching 64.96% on the daily timeframe. This surge highlights Bitcoin’s growing strength 💪 relative to the broader cryptocurrency market. Currently, dominance is approaching a key resistance level at 65.79% 📈, which is considered a potential reversal zone 🔄.

🧠 Technical Overview

A closer look 🔍 at the recent momentum in Bitcoin dominance reveals signs of a maturing uptrend 📶. As the indicator nears historically significant resistance levels, the probability of a downward correction 📉 increases. Based on time-based analysis ⏱, signs of a pullback are expected to emerge within the next 7 to 14 days 📆 from the point of touching or nearing the 65.79% level.

🎯 Potential Correction Targets

If the anticipated reversal materializes, the correction targets are as follows:

First Target: A retracement to the 60% level, which has acted as prior support 🛑 and could temporarily halt further declines.

Second Target (deeper correction): A move down to 52%, a strategic support level 🧱 that could pave the way for altcoins 🚀 to outperform.