According to @CryptoMichNL, Bitcoin dominance failed to break above the 21-week moving average, repeating a 2019 setup that he interprets as constructive for a bullish trend, source: @CryptoMichNL. He notes that in 2019 BTC briefly dipped below the 50-MA, then reclaimed it before a bull market advance, and he views today’s structure as the same macro context, source: @CryptoMichNL. For traders, the key confirmation levels he highlights are the 21-week MA on BTC dominance and a reclaim of the 50-MA on BTC price to validate the bullish thesis, source: @CryptoMichNL.

According to @CryptoMichNL, the Bitcoin dominance chart (BTC.D) is still tracking the 2019 pattern [source: @CryptoMichNL on X, Jan 1, 2026]. @CryptoMichNL notes there has been no sustained break above the 21-week moving average, and even a temporary break would be consistent with 2019 behavior rather than a reversal of dominance [source: @CryptoMichNL on X, Jan 1, 2026]. @CryptoMichNL states the trend in BTC dominance is down, indicating ETH has taken over leadership versus BTC [source: @CryptoMichNL on X, Jan 1, 2026]. For traders, @CryptoMichNL’s view emphasizes ETH relative strength and the 21-week MA on BTC.D as the key rotation gauge [source: @CryptoMichNL on X, Jan 1, 2026].