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Bitcoin has crossed the $80,000 resistance level last seen in early February 2026. At press time, it was trading at $80,836.16, after a rise of more than 20% over the past month.
Alongside the price move, Bitcoin Dominance (BTC.D) also increased. BTC.D rose by 4.38% over the past month to 61.21%, according to Trading View data. The article notes that this is the highest half-yearly and year-to-date hike recorded.
Kaleo, co-founder of the NFT project LedgArt, said on X that Bitcoin Dominance has climbed steadily since the market began to bounce at the end of March. He also drew a comparison with 2020, when similar BTC.D trends appeared.
In May 2020, BTC.D was around 66% while Bitcoin’s price was close to $8,900. By the end of that year, Bitcoin had risen to about $27,000. Based on that historical pattern, the article states it is possible Bitcoin could reach $100,000 if similar trends continue.
Trader Ali Martinez said $BTC continues to show “structural strength.” He referenced a bullish MACD crossover on the weekly chart on April 13 and noted that Bitcoin has already gained about 15% since then. Martinez also said that breaking the $83,000 resistance level is crucial for further upside.
On whether an “altcoin season” is upcoming, Kaleo pointed to 2020 as a period when altcoins also outperformed. However, the article cites an Altcoin Season Index reading of 38 at press time, suggesting altcoin season is still in its early stages and that the “Bitcoin season” remains ongoing.
It further reports that, according to AMBCrypto, the Altcoin Season Index has fallen to a three-month low, indicating that a broad altcoin cycle is not currently expected to re-emerge.
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