$BTC losing its “digital gold” status? 🤔 Let’s break down what’s really happening.
After failing to reclaim the $94,700 resistance last week, $BTC faced fresh selling pressure. Price slipped another ~1.68% from the overnight high and is now hovering around $86,160, keeping the short-term trend under pressure 📉
Market snapshot 🌐 • The# CoinDesk Index is down 1.6% since 00:00 UTC
• Bitcoin dominance is rising, which tells us capital is rotating out of #altcoins and into BTC — a classic risk-off signal
This isn’t Bitcoin “dying” as digital gold — it’s more about macro uncertainty, profit-taking, and technical rejection at key levels. In fact, rising dominance often means investors still see BTC as the safer crypto asset during drawdowns 🛡️
Technical outlook 🧠 To flip the narrative from bearish to bullish: 👉 $95,000 must be reclaimed to break the current downtrend
👉 $98,000+ would confirm strength and restore bullish momentum 🚀
Until then, expect choppy price action, cautious sentiment, and continued pressure on #altcoins . Patience is key — Bitcoin tends to test conviction before making its next big move ⏳📊$BTC
