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Bitcoin Dominance ( Altcoins More Dump Soon So Be Ready )
Market Cap BTC Dominance, %
Long
Bitcoin Dominance ( Altcoins More Dump Soon So Be Ready )
By CryptoPatel
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Jul 14, 2022
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Jul 14, 2022
Bitcoin Dominance Chart Update:-
BTC Dominance currently trading at 43.80%
And this area is Perfect Retest Area as I already mentioned in Previous Post also.
So Now I am expecting Upward move toward 50% Dominance Level.
So If Bounce and Go toward 50% then Altcoins will be bearish and One More Bloodbath can expect.
So If Dominance Above 43% then Not good For Altcoins.
Below 43% We can expect Altcoins sessions but Not Not good so Stay away from Altcoins.
But One more thing I am tracking at this Time.
If Dominance will increase then Bitcoin Price move Up Side.
Mean Currently Bitcoin Dominance = Proportional to Bitcoin Price.
Red Area = Blood Bath in Altcoins.
Below Red Zone= Good For Altcoins.
Resistance:- 48%/56%/62%
Support:- 43%
Keep watch before open any trades.
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CryptoPatel
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Altcoins One More Blood Bath Coming ( Bitcoin Dominance Chart )
by CryptoPatel
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