Sure! It's the expected ceiling for BTC dominance in my mind, as dominance naturally increases during a bear. Alts (and in prior cycles, ETH) have outflows to safety in BTC (and now, unlike prior cycles, ETH).
Previously, 50-55% dominance was a large support/ resistance level, so I expect the bear inflows to BTC should top around there. Ben Cowen has a similar outlook, though he anticipates a slight overshoot to 60% is possible. I'll make a quick video tomorrow illustrating these levels better too.
It's important to remember the BTC.D chart is a sloooooow mover. It should take a few more weeks or even moths to hit the top. And the ratio will also likely suffer a bit when that happens, just less than in prior years I imagine. We really haven't retested 0.05 as a base in a long time...