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via The Block · By The Block Editorial

Bitcoin dominance rebounds above 58% signaling crypto market consolidation phase

BTC

BTC/USDT

$61,711.98

-1.80%

$61,711.98

-1.80%

(24s)

24h Volume

$28,841,453,766.09

24h H/L

$63,239.06 / $59,102.70

Change: $4,136.36 (7.00%)

Long/Short

69.9%

Long: 69.9%Short: 30.1%

Funding Rate

-0.0012%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$61,768.94

▲ 1.13%

Volume (24h): -

Resistance Levels

Resistance 3$68,218.91

Resistance 2$64,719.41

Resistance 1$62,842.09

Price$61,768.94

Support 1$61,056.01

Support 2$59,102.70

Support 3$52,643.43

Pivot (PP):$61,420.31

Trend:Downtrend

RSI (14):36.4

The Block Editorial

(07:05 PM UTC)

1 min read

Verified byDavid Kim

548 views

0 comments

Bitcoin dominance has been climbing off a local floor, recovering from lows around 55% to current levels of approximately 58.5%.

The metric has historically served as a proxy for where capital is rotating within the broader crypto market. Rising dominance tends to coincide with consolidation periods where Bitcoin outpaces altcoins, while declining dominance often precedes or accompanies "alt…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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The Block Editorial · The Block

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