Bitcoin Bulls Eye $91K as Altcoin Dominance Surges

Bitcoin's bullish trend remains strong, with all four lines either curling or pointing upward above its daily TBO Cloud. This indicates a strongly bullish trend, and analysts are looking at targets for Bitcoin's next move. According to Fibonacci analysis, the next target to the upside is $91,374.

Ethereum also stays strongly bullish after a larger decline on Thursday. It tested the short-term 1.272 extension on Monday but was turned away; a close above that level would carry significance rather than being something already established. The weekly RSI stands at 78.83, and the broader macro backdrop is still viewed as very strong bullish.

Altcoin dominance is climbing, with a conditional zone for taking profits. Crypto Total Market Cap Excluding Top 10 Dominance, % on the 1D CRYPTOCAP chart, closed 2% higher on Thursday but stays beneath TBO Resistance. Once it moves above resistance and approaches 9%, the intention is to remove more profit from existing positions in preparation for a pullback.