*Bitcoin’s Dominance Faces Multiple Challenges at the $63,000 Level*

Bitcoin's dominance is weakening as altcoins gain momentum. A price correction could be held off if this trend persists.

Bitcoin shorts have thwarted another attempt to break above the threshold, maintaining pressure while buyers struggle to keep the price above $62,000. Currently, the price is hovering around $63,000, and a recovery to $70,000 may not be imminent. Some experts believe that the price will recover, while others warn that Bitcoin dominance may have peaked, signaling a risk of a price drop. Does this create an opportunity for an altcoin season?

If this trend continues, a correction to $68,000 – the next resistance level – could be delayed, especially as Bitcoin’s dominance wanes with more altcoins entering the top 50, setting the stage for a potential altcoin season.#BTCReboundsAfterFOMC #FOMC #USRetailSalesRise