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Bitcoin nears $62.8K amid bullish macro trend and shifting dominance to altcoins.

Technical Signals
13 Jul 2026
TheNewsCrypto
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Neutral
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Bitcoin is trading near $62,801 with a strong macro bullish trend despite a short-term pullback. Bitcoin dominance peaked early in 2025 and is declining, suggesting capital is rotating into altcoins like Ethereum. This shift is seen as healthy for the market and could precede a major Bitcoin price surge, possibly toward $500,000 this cycle. Technical indicators show consolidation with potential support at $62,719 and resistance near $62,923, indicating Bitcoin is cooling off but remains structurally strong.

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