NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing

Analyst: Bitcoin’s Dominance to Peak in December, Sparking Altcoin Buying Frenzy

Cole Petersen
Cole Petersen
1 year ago
2 mins read
Bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin has seen a massive upswing over the past couple of days that brought a firm end to its consolidation phase and is now allowing it to confront its key resistance around $12,000.

This level has been holding strong as resistance, and throughout the year, any break above this level was met with heavy selling pressure that catalyzed intense selloffs.

Bitcoin has also been guiding the market over the past week, but this trend appears to be shifting – as altcoins sold-off today while BTC saw a strong and sustainable move higher.

This is quite unusual, as typically altcoins move in tandem with the rest of the market.

One explanation for this may be a trend seen while looking towards BTC’s market dominance, which is beginning to rebound and may continue surging for the next couple of months.

While speaking about this possibility, one analyst stated that he is watching for Bitcoin to continue seeing growing dominance over the aggregated market for the coming few weeks and months, before it peaks in December.

At this time, altcoins may be able to recapture their momentum and rally higher.

Bitcoin Approaches $12,000 Resistance as Buyers Take Control 

At the time of writing, Bitcoin is trading up nearly 2% at its current price of $11,930. This is around the price at which it has been trading throughout the past few hours.

The strong move that helped lead the crypto up to these highs did not create a tailwind for the aggregated market, and BTC’s push higher actually has come about at the expense of altcoins.

There’s a strong possibility that this trend will persist in the near-term, as investors appear to be fleeing altcoins in favor of BTC at the moment.

Analyst: BTC Dominance Likely to Continue Climbing Until December 

While mapping out Bitcoin’s dominance over the market, one analyst explained that he expects it to continue rising for the coming couple of months before peaking in December.

At this time, altcoins may begin seeing rallies that allow them to catch up to BTC, but until then, they may continue underperforming.

“BTC: Regarding the dominance; still the same figure here. December is the period to buy altcoins.”

Bitcoin

Image Courtesy of Crypto Michael. Source: BTCUSD Dominance on TradingView.

The coming few days may shine a light on this possibility and validate or invalidate if Bitcoin’s dominance will really continue rising for the coming few months.

Featured image from Unsplash.
Charts from TradingView.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

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.

Related News

Ripple nieuws: XRP & SOL ETFs worden beste crypto's met potentie in 2025 volgens expert

Ripple nieuws: XRP & SOL ETFs worden beste crypto’s met potentie in 2025 volgens expert

De speculatie over aankomende crypto ETF-lanceringen blijft hard toenemen voor projecten zoals XRP en Solana. Volgens een crypto expert zijn...

Lars Diederiksen 3 hours ago
Bitcoin

Bitcoin Falls Below $117,000 Amid $3.5 Billion Profit-Taking Frenzy

The Bitcoin price has slipped under  $117,000 as on-chain data shows the network has observed one of its largest profit...

Keshav Verma 3 hours ago

Mercado Bitcoin doubles down on RWA, experts discuss what this means for the future of tokenized finance

Earlier this month, leading South American crypto exchange Mercado Bitcoin unveiled plans to tokenize approximately $200 million in tokenized financial...

NewsBTC 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Wallet Bitcoin Dormiente Muove 1,2 Miliardi di dollari in BTC: In Arrivo Una Grossa Vendita?

clararosati 2 minutes ago
Altcoin

Altcoin Season Index Spikes Above 30, But Bitcoin Dominance Remains High, What Next?

Scott Matherson 1 hour ago
Citigroup

Citigroup CEO Confirms Interest In Issuing A Proprietary Stablecoin—Reuters

Ronaldo Marquez 2 hours ago

Premium Sponsors

Press Releases

  • 2 kryptowaluty z niezwykle wysokimi wycenami, które mogą...

    1 hour ago
  • 2 kriptovalute s iznimno visokom procjenom koje bi mogle...

    2 hours ago
  • Whales Quay Lại Với Meme Coin Sau ATH Của Bitcoin –...

    2 hours ago
  • 2 kryptomeny s mimoriadne vysokým hodnotením, ktoré by mohli stáť za riziko

    2 kryptomeny s mimoriadne vysokým hodnotením, ktoré by...

    2 hours ago
  • Toncoin

    Dự Đoán Giá Toncoin: $8 Tháng 8? Các Đồng Coin...

    2 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

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.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.