Bitcoin's market dominance has declined to approximately 59%, signaling potential weakness as technical charts reveal a bear flag pattern and failure to reclaim key resistance levels. Analyst CantoneseCat, in a post on November 11, 2025, described the BTC.D setup as "looking weak", highlighting lower highs and an inability to break above the 20-day simple moving average (SMA). The dominance metric, which measures Bitcoin's share of total cryptocurrency market capitalization, dropped to around 59.94%, down 1.00% daily, and is traversing a rising broadening wedge pattern that suggests increasing volatility.
The daily chart shows a distinct bear flag formation, typically indicative of a continuation downward, with the 20-day SMA acting as a ceiling. Bollinger Bands have contracted, reflecting reduced volatility and potential for a sharp directional move. CantoneseCat humorously compared the situation to "Captain America before Super Serum, except there's no Super Serum," underscoring the lack of recovery momentum. If the pattern holds, support could emerge near 58%, while a break above 60.5% might invalidate the bearish outlook.
Amid this shift, PEPE has held steady above its $0.05585 support level, trading at approximately $0.055994 with a narrow 24-hour range between $0.05585 and $0.056188. Despite a 2.6% decline over the past day, PEPE's relative stability contrasts with Bitcoin's dominance struggles, hinting at possible capital rotation into altcoins. The broader context suggests that a drop in Bitcoin dominance often precedes increased activity in smaller assets, though current conditions remain within pattern boundaries, keeping traders focused on short-term breakouts.
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