Bitcoin [BTC] has finally breached the $80,000 resistance level last seen in early February 2026. At the time of writing, it was trading at $80,836.16 after rising more than 20% in the past month.
Bitcoin dominance at the same time [BTC.D] also rose 4.38% in the past month to reach 61.21%, according to Trading View data. Even compared to the half-yearly or year-to-date increases, this represents the highest increase on record.
Kaleo, co-founder of the NFT project LedgArt said the same thing about this: noted,
Bitcoin Dominance has been rising slowly and steadily since the market started bouncing in late March.
Will history repeat itself, or just rhyme?
The co-founder also made comparisons to 2020, citing similar trends in BTC.D. That year, Bitcoin also went through its third halving phase.
Together, these factors had helped buyers push Bitcoin’s price to its previous all-time high at the time.
In May 2020, BTC.D was trading at around 66%, while Bitcoin’s price was almost $8900. However, by the end of the year the price had risen to $27,000.
If historical trends continue, it is possible that Bitcoin’s price will reach $100,000. Noting what a well-known trader, Ali Martinez, noted,
$BTC continues to show structural strength. After a bullish MACD crossover on the weekly chart on April 13, we have already seen a steady price increase of 15%.
However, Martinez also noted that breaking the $83,000 resistance is also crucial for that to happen.
Is the altcoin season coming or is it losing ground?
Moreover, Kaleo also noted that altcoins also performed better in 2020. However, the altcoin index, which stood at 38 at the time of writing, indicated that the altcoin season is still in its early stages and the Bitcoin season is still ongoing.
In fact, according to AMBCrypto, the Altcoin Season Index has fallen to a three-month low, indicating that a broad altcoin cycle will no longer occur.
So, to paint a perfect picture of current market dynamics, Kaleo put it best when he noted:
Bitcoin continues to outperform until it approaches its previous ATHs…some time after that we see a real alt season.
Final summary
- Bitcoin’s dominance has increased by more than 4% in the past month; If the momentum continues, Bitcoin could reach $100,000.
- While 2020 also saw the rise of altcoins, current dynamics suggest that the altseason has fallen to its lowest level in three months.