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Why Bitcoin Is Missing Out on Today’s Crypto Rally

Published by
Anjali Belgaumkar and Qadir AK

While Bitcoin remains stuck below a key resistance level, much of the crypto market, especially altcoins like Ethereum and XRP, is showing strong bullish signs. So, why is the broader crypto market pumping while Bitcoin is cooling off?

The answer lies in Bitcoin dominance, which is seeing a sharp drop. Bitcoin dominance refers to how much of the total crypto market value is held in Bitcoin. When this dominance falls, it usually means that investors are moving money from Bitcoin into altcoins. This shift is a sign that “altcoin season” has begun, where assets like Ethereum, Solana, and XRP often outperform Bitcoin.

In fact, Ethereum has surged by nearly 3.75% recently, even as Bitcoin’s share of the market dropped by about 0.62%. The total value of the altcoin market is still below its all-time high, which shows there’s space for further growth. Also, the total crypto market cap, excluding Bitcoin and Ethereum, is showing a bullish pattern similar to what the market saw in 2017 before altcoins exploded in price.

What About Bitcoin? Still Bullish, But Facing Short-Term Resistance

In every past cycle, Bitcoin is usually the first to move. Once it makes a strong rally, the next big move comes from Ethereum. After that, large altcoins begin to rise, followed by smaller and newer altcoins. This pattern has repeated itself over the years, and so far, the current market seems to be following the same path.

However, Bitcoin’s overall long-term trend remains bullish, with a cup-and-handle pattern hinting at a move toward $153,000. However, in the short term, it’s facing tough resistance between $120,000 and $123,000. Until BTC breaks above that zone, it may continue trading sideways.

Short-term indicators like the RSI (Relative Strength Index) show that Bitcoin has cooled down from its overbought levels, which means there’s room for a fresh move up. But before that happens, Bitcoin might dip slightly to around $116,700, where there’s a lot of market liquidity, before possibly heading higher again.

FAQs

How is Bitcoin performing today?

As of July 21, 2025, Bitcoin is trading around $118,400 to $119,189, showing slight gains in the past 24 hours. It’s consolidating within a tight range after recently hitting new all-time highs.

How much will 1 Bitcoin cost in 2025?

As per Coinpedia’s BTC price prediction, the Bitcoin price could peak at $168k this year if the bullish sentiment sustains.

How much will 1 Bitcoin be worth in 2030?

With increased adoption, the price of Bitcoin could reach a height of $901,383.47 in 2030.

How much will the price of Bitcoin be in 2040?

As per our latest BTC price analysis, Bitcoin could reach a maximum price of $13,532,059.98

Anjali Belgaumkar and Qadir AK

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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