Bitcoin is trading directly on a major neckline level, as recent charts from market analysts show price holding firm despite volatility, while longer-term dominance data signals a possible structural shift across crypto markets.
According to a chart shared by Merlijn The Trader, Bitcoin currently sits on a historically important neckline that has played a recurring role across past market cycles. Previous market tops later transitioned into long-term support when the price revisited the same zone. For now, that structure remains intact, with Bitcoin continuing to respect the level rather than breaking below it.
Recent price action shows compression around the neckline instead of aggressive movement. This behavior suggests the market is absorbing pressure while buyers and sellers remain in balance. Despite heightened volatility across broader sectors, Bitcoin has not recorded a decisive loss of this level.
The chart further shows that prior cycle highs are now acting as structural support. This aligns with classic structure behavior, where former resistance areas convert into demand zones during extended uptrends. The neckline has already faced multiple tests, yet price continues to hold above it.
With price moving sideways, the market remains quiet near the level. Historically, prolonged quiet phases near key structural zones often precede larger directional moves as volatility expands. The repeated defenses of the neckline reinforce its relevance as a near-term anchor for price.
The neckline shown by Merlijn The Trader has been tested several times without a decisive breakdown. Each test adds significance to the level as price continues to respect it. The absence of strong momentum reflects balance rather than weakness.
Instead of sharp selling pressure, Bitcoin shows compression around the zone. This pattern indicates the market is absorbing supply while maintaining structure. Sideways movement near support often reflects indecision rather than trend failure. The chart also shows that price has not sliced through the neckline despite recent swings.
This behavior suggests that buyers continue to defend the area, keeping the broader structure intact. As compression builds, attention remains on whether the market resolves higher or lower. Does sustained support at this neckline set the stage for the next major move?
While Bitcoin price holds support, a separate chart shared by CryptoPatel on X focuses on Bitcoin dominance across a long-term monthly timeframe. The BTC.D chart spans from 2015 through projections into 2028 using CryptoCap data.
Bitcoin dominance currently trades near 59.06%. Monthly volatility shows highs around 59.66 percent and lows near 58.70 percent. Trading volume stands near 369.28 billion dollars, reflecting continued market participation.
The chart marks a major resistance zone near 70.34%. Historically, Bitcoin dominance failed to sustain moves above this level during prior cycles. Below that resistance, the area between 64.12% and 59.06% appears as the ‘Best Alts Accumulation Zone’.
This zone historically coincided with periods when capital rotated into altcoins. Past cycles show similar dominance behavior before broader altcoin rallies gained momentum.
From 2022 through 2025, Bitcoin dominance formed higher lows while compressing beneath resistance. An ascending trendline supports this structure, showing tightening conditions near the upper boundary.
The chart places a potential inflection point around 2025 to 2026. CryptoPatel’s projection illustrates a breakdown from the accumulation zone, followed by a sharp decline in dominance labeled as “MEGA ALTSEASONS.”
The projected move targets long-term support near 39.93%. Previous visits to this level aligned with strong altcoin rallies across large-cap and mid-cap tokens. The projection extends into 2027 and 2028, showing dominance potentially falling into the low 40 percent range.
CryptoPatel states that the most explosive altseason in crypto history is loading. The commentary adds that 2026 could create more millionaires than 2021. The analysis frames the current period as a reward phase for long-term participants who endured earlier volatility.
Together, the Bitcoin price structure and dominance compression place focus on a market approaching a critical transition, with Bitcoin holding key support while dominance data points toward a possible shift in leadership.
Read More: Bitcoin Price Holds $92,131, Ethereum Jumps to $3,158, Solana Surges 4.95%
Bitcoin continues to hold a critical neckline support while price compresses near a historically important level. At the same time, Bitcoin dominance trades inside a proven altcoin accumulation zone. Together, these conditions point to a market at a structural crossroads as 2026 approaches.
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