Bitcoin's market dominance has decreased to approximately 59%, as technical indicators suggest potential further declines. Analyst CantoneseCat highlighted on November 11, 2025, that Bitcoin's dominance chart is forming a bear flag pattern, characterized by lower highs and an inability to surpass the 20-day simple moving average (SMA). This setup indicates a weakening position in Bitcoin's share of the total cryptocurrency market capitalization. Additionally, the Bollinger Bands on the chart show reduced volatility, suggesting a tightening range following weeks of mixed market movements. The failure to break above the short-term resistance at the 20-day SMA raises concerns about Bitcoin's continued market control.