After several fakeouts, the Bitcoin price is hovering below the psychologically important $12,000 mark as the bulls are struggling to make a decisive move.
On a positive note, Bitcoin remains in the green with a minor 1.63 percent uptick over the last 24 hours. At the time of writing, BTC is sitting at $11,858, according to Coin360 data.
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Here’s more good news for Bitcoin enthusiasts — BTC dominance has now reached a new yearly peak of 68.9 percent, its highest level since March 2019.
However, according to trading expert ‘Crypto Dog,’ a new alt season might be just around the corner.
Crypto Market Prediction: Shiba Inu (SHIB) First Pivotal Critical Price Moment of 2026, Bitcoin's (BTC) Implosion Enables $100,000, Ethereum Handles $3,000 Like It's Nothing
Bitcoin Dominance Logs Rapid Plunge as XRP, SHIB, and Other Altcoins Surge
Shiba Inu (SHIB) Burn Rate Explodes 10,728%, Ripple Unlocks 1 Billion XRP, Bitcoin (BTC) Price Breaks Four-Year Market Cycle — Crypto News Digest
Coinbase's Armstrong Unveils Top 3 Priorities for 2026
$ETH is going to $270
— The Crypto Dog? (@TheCryptoDog) August 8, 2019
- according to me & a bunch of smart people on $crypto Twitter

Arman Shirinyan
Alex Dovbnya
Caroline Amosun
Denys Serhiichuk
Tomiwabold Olajide