Bitcoin (BTC) finally broke through the $80,000 resistance level last seen in early February 2026. At press time, it was trading at $80,836.16 after rising more than 20% last month.
At the same time, Bitcoin Dominance (BTC.D) also jumped 4.38% over the past month and stood at 61.21%, according to Trading View data. Even when compared to semi-annual or annual increases, this represents the highest increase recorded.
Making the same point, Kaleo, co-founder of NFT project LedgArt turned to X and noted:
Bitcoin’s dominance has increased slowly and steadily since the market began to rebound in late March.
Will history repeat itself or just rhyme?
The co-founder also made comparisons to 2020, citing similar trends in BTC.D. During this year, Bitcoin also went through its third halving phase.
Together, these factors had helped buyers at the time drive the price of Bitcoin to its previous all-time high.
In May 2020, BTC.D was trading at around 66%, while the price of Bitcoin was near $8,900. However, by the end of the year, the price had risen to $27,000.
If historical trends continue, it is possible that the price of Bitcoin could reach $100,000. Remark on which, a well-known trader, Ali Martinez, noted:
$BTC continues to demonstrate structural strength. Following a bullish crossover in the MACD on the weekly chart on April 13, we have already seen a steady 15% price increase.
However, Martinez also noted that breaking the $83,000 resistance is also crucial for this to happen.
Is altcoin season approaching or is it losing ground?
Additionally, Kaleo also noted that in 2020, altcoins also outperformed. However, the altcoin index, which was at 38 at press time, indicated that the altcoin season was still in its early stages and the Bitcoin season was still underway.
In fact, according to AMBCrypto, the Altcoin Seasonal Index actually fell to a three-month low, suggesting that a broad altcoin cycle will not occur again.
Therefore, to paint a perfect picture of the current market dynamics, Kaleo expressed it best when he noted:
Bitcoin continues to outperform until it approaches its previous ATHs…sometime after that we see a true alt season.
Final Summary
- Bitcoin dominance has surged more than 4% in the past month; if the momentum continues, Bitcoin could reach $100,000.
- Although 2020 also saw the rise of altcoins, current momentum suggests that the altseason has fallen to a three-month low.
