Bitcoin Dominance Surges as Bull Flag Signals $137K Target

Bitcoin dominance flipped 64% into support and now targets 71%, signaling strong investor preference amid altcoin underperformance.

A bullish MACD crossover and bull flag pattern suggest Bitcoin could surge toward $137,880 in the coming breakout phase.

Institutional inflows favor Bitcoin, supporting its market dominance and positioning it as the leading crypto asset in 2025.

Bitcoin is flashing bullish signals with dominance climbing past 65.7% and a breakout pattern forming. Analysts believe Bitcoin may soon breach the upper resistance of a months-long bull flag formation. A confirmed breakout could propel BTC toward a projected $137,880 price target. Meanwhile, Bitcoin's market share expands as altcoins underperform and institutional interest deepens

Bitcoin Dominance Retests 64% as Support

Bitcoin dominance has successfully flipped the 64% level into new support, reinforcing its upward momentum. The metric, which tracks Bitcoin's share of total crypto market capitalization, now sits near 65.77%. Historically, similar support retests have led to continued gains toward the 71% level.

Source: Rekt Capital

Furthermore, past dominance cycles show that Bitcoin usually recovers lost position in times of macrouncertainty and bear markets. Dominance has therefore been increasing since early 2023, driven by institutional accumulation and interest in altcoins. Additionally, it seems that market players prefer Bitcoin because of its relative safety and lower volatility in unpredictable times.

Bull Flag Pattern Points to $137K Breakout Target

Bitcoin’s daily chart has formed a clear bull flag pattern since the March correction. The flagpole began during the rapid price drop from $105,000 to $75,000. Following that, Bitcoin rebounded strongly in April, establishing an ascending trendline supported by consistent volume.

Since May, BTC has traded within parallel trendlines, forming the flag portion. The MACD indicator shows a bullish crossover on the daily timeframe. This signal often precedes important price moves. Additionally, traders note that Bitcoin is nearing the flag’s upper resistance level.

Hence, a decisive breakout could validate the bull flag and trigger a rally toward $137,880. That projection comes from adding the flagpole height to the breakout point. Significantly, this move would mark Bitcoin’s most aggressive surge in 2025.

Source: Titan Of Crypto

Instead of investing in altcoins, institutional capital is moving into Bitcoin. This preference supports the idea that Bitcoin is the dominant cryptocurrency. Furthermore, according to investor perception, Bitcoin is the most reliable cryptocurrency store of value.

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