Btc Dom - There's still a long way to go
BTC Dominance 1W;Below is my chart of the Bitcoin Dom chart, which I have been pointing to 61.61% for a long time and I expect it to rise to a maximum of 62%. With the return from 61.53%, the market has now started to smile.
What's next?
There is strong weekly support at 56%. This level drops to 55% on the monthly.
This is a strong support and with its theme, it will make a retracement upwards.
I know you don't even want to hear anything negative when everything is going well, but if we ignore the facts, what's the difference from emotional thinking?
There is a quote by David Hume that I love and use as an example in my life: “If we stop here and go no further, why have we come this far?”
In short, I want to say that there is still a long way to go for Btc Dom. I will not be surprised if this bull period happens again if we see the 72% level that I have been pointing to for a long time.
Of course, we are talking about probabilities here. That's why all charts have a 50% margin of error. If one day you see someone or some people telling you something that is 100% certain, stay away from them.
#Btc #Bitcoin #dominance #bullish
For more you can follow me on X. @UgurTash
For more you can follow me on X. @UgurTash
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