Bitcoin Dominance Holds Above 60% as Price Tests ResistanceMarket Cap BTC Dominance, %CRYPTOCAP:BTC.DGlobalZentraChart Overview: Bitcoin Dominance (1H) Looking at this 1-hour chart of Bitcoin Dominance (BTC.D), we can see a clear shift in momentum. After a steady downtrend that lasted for quite a while, the dominance has finally found a strong footing and is attempting to recover. The Double Bottom Pattern The most striking feature here is the classic Double Bottom pattern, which I've highlighted with the two blue curves at the bottom. This is a well-known bullish reversal signal. It means that the selling pressure that was driving Bitcoin's market share down has exhausted itself. The buyers stepped in around the 59.00% mark, defended that level twice, and pushed the price back up. The Bullish Channel and Current Action Right now, the price is trading around 59.74%. If you look closely at the recent price action, it's moving inside a sharp ascending channel (marked by the red parallel lines). This tells us that the short-term momentum is definitely bullish. The price just bounced off the lower boundary of this channel and is pushing towards the upper limit. What This Means for the Market When Bitcoin Dominance rises, it usually means money is flowing back into Bitcoin (and out of altcoins). The fact that we've broken out of the downtrend and formed this double bottom suggests that Bitcoin is currently showing relative strength compared to the rest of the crypto market. Key Levels to Watch: Upside: The immediate hurdle is the upper trendline of the red channel. If BTC.D breaks above this, the next major resistance lies around the 60.40% - 60.60% zone (the pink shaded area). Downside: If it gets rejected at the top of the channel, we might see a pullback, but as long as it holds above the 59.00% double-bottom support, the bullish structure remains valid. Bottom Line: The chart is flashing bullish signals for Bitcoin's market share. Keep an eye on that 60.40% zone—if it breaks, it could signal the start of a new altcoin season, where money rotates back heavily into BTC.