Bitcoin Dominance Fades at $88,600—Digitap ($TAP) Surpasses $3 Million in Presale
- Bitcoin Dominance Decline: Following a sharp decline in July and August, Bitcoin's market dominance has dropped from 66% in June to below 60%, resulting in price rejection at $88,600, leading analysts to question its ability to reclaim $90,000 before 2025 ends.
- Digitap Presale Success: As the world's first omnibank, Digitap has surpassed $3 million in presale, attracting significant investor interest, indicating confidence in its potential as a safe investment amid Bitcoin's declining dominance.
- Traditional Assets Surge: Gold and silver have reached new highs in 2025, with gold nearing $4,532 per ounce and silver around $79.34, as investors shift towards these traditional assets due to concerns over global debt and inflation, reducing exposure to high-risk cryptocurrencies.
- Market Technical Analysis: Bitcoin has traded between $84,000 and $95,000 over the past few weeks, with the psychological resistance at $90,000 and immediate support at $86,500, and despite slight rebounds, its dominance remains below 60%, leaving the broader market in correction mode.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36100.923 | 48050.461 | 60370.943 | 72320.481 | 84640.963 | 96590.501 | 108910.983 |
| Fibonacci | 48050.461 | 57321.609 | 63049.334 | 72320.481 | 81591.629 | 87319.354 | 96590.501 |
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