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According to an analyst on X, Bitcoin’s grip on the market looks too strong for altcoins to break free any time soon. Bitcoin’s price ticked up to around $104,000 after climbing 0.4%. It had dipped briefly to $103,000 but buyers stepped in fast.
That push drove it back toward the $105K mark. At the same time, the US Federal Reserve held interest rates steady, keeping traders on alert for any ripple effects.
Bull Market Support Band Explained
Based on reports, the Bull Market Support Band sits between two key moving averages. One is a 20‑week simple moving average. The other is a 21‑week exponential moving average.
Together they form a zone that Bitcoin Dominance has used as a springboard all year. When dominance tests that area, it usually bounces higher instead of dropping further.
$BTC.D – As long as the Bitcoin Dominance continues to hold its Bull Market Support Band, there will be no altseason. pic.twitter.com/XCYDyuDxP2
— Luca (@CrypticTrades_) June 19, 2025
Historical Support Tests
Bitcoin Dominance fell from about 56% in June 2024 to 54% in July of that year but found support. It also slipped from 58% down to 56% between late December 2024 and January 2025.
Each time, the support band held firm. More recently, dominance dipped to 61% on May 14 after peaking at 65% on May 7, only to recover to 64% in a matter of days.
$BTC.D – As long as the Bitcoin Dominance continues to hold its Bull Market Support Band, there are no risks of this being a distribution range for $BTC. ✅ pic.twitter.com/GS8r9jNIpB
— Luca (@CrypticTrades_) June 19, 2025
Analyst Warnings And Scenarios
Other experts see a different picture. Bitcoinsensus warns dominance could “fall off a cliff” before any altcoin season kicks off. That view suggests a sudden drop, maybe giving altcoins their moment.
An analyst points to a possible double‑top pattern in dominance. If Bitcoin can’t clear resistance, money might flow into altcoins. But if dominance breaks higher, some believe Bitcoin could aim for a fresh record.
Limitations Of Dominance Metric
Dominance only measures Bitcoin’s share of total crypto market cap. It can slip if stablecoins flood in or if new tokens launch, even when altcoins aren’t rallying. And a rise in dominance can mean altcoins are selling off.
Traders should know that moving‑average support lines can fail in choppy markets. A pattern that works for months can break when the climate changes.
In the end, the Bull Market Support Band offers a clear trend line. It shows that Bitcoin is still the favorite for many investors. Yet relying on one technical tool can miss bigger moves driven by real‑world news or fresh blockchain data.
For now, though, Bitcoin’s dominance looks safe—unless something big shifts in the weeks ahead.
Featured image from Imagen, chart from TradingView
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
