• Bitcoin dominance has dropped to 61.40%, down 0.38% on the week.
• A major trendline break triggered the decline, pushing BTC.D toward a key support between 60.00% and 61.00%.
• Momentum remains bearish, though minor short-term reversals are possible near the demand zone.

Bitcoin’s market dominance has continued its downward movement, falling to 61.40% following a trendline breakdown. This decline marks a weekly change of -0.38%. Over the past few months, BTC.D had maintained a steady upward structure, reaching above 64% before reversing.

The recent shift in momentum has altered the current outlook, placing the dominance metric in a corrective phase. With this breakdown, market focus has turned to the next structural zone lying between 60.00% and 61.00%.

Trendline Breach Triggers Decline Into Key Support Zone

The downward shift followed a clear breakdown from the ascending trendline that supported the previous uptrend. A steep red candlestick closed below the trendline, confirming the structural breach. 

Price continued to descend into the highlighted support range. This zone, marked between 60.00% and 61.00%, has historically acted as a short-term demand area. Notably, BTC.D is now testing this region after an extended rally since early 2024. The move comes after multiple weekly green candles failed to sustain momentum beyond 64.00%.

Weak Momentum Persists as Price Eyes Deeper Support Levels

Current price action around the 61.40% mark suggests some interaction with the upper boundary of the support zone. Although a temporary reversal could emerge from this level, overall movement still leans downward. The broader technical structure supports this direction, with lower highs forming post-break. Moreover, the red directional arrows in the chart project a continuation towards deeper levels, including support zones at 60.32%, 55.31%, and 54.51%. Each of these zones may act as new targets should selling pressure persist.

BTC Dominance Holds in Range as Market Awaits Next Directional Shift

As of now, Bitcoin dominance remains within a key range, with 61.01% and 60.32% offering nearby support. These levels will likely attract attention in the coming sessions. Any brief bounce could be met with resistance closer to the 64% region, which previously acted as supply. 

Until further breakout or consolidation, BTC.D maintains its course within a bearish technical structure. Overall, dominance continues to retreat from the highs of mid-2025, now charting its position toward lower price bands. Currently Bitcoin is trading at $117,960 which is a 0.5% decline in price.