Worried about Btc Dominance?
Don't Worry i have a Good news
Waiting for Altseason congratulations 🎊
Bitcoin Dominance (BTC.D) is showing signs of making one last upward push towards the key resistance zone between 64.60% to 65%. This area has historically acted as a strong barrier, and a rejection here could signal a significant shift in market dynamics.
Once BTC.D hits this range and fails to break higher, we anticipate a reversal to the downside, marking the beginning of a Bitcoin Dominance downtrend. This shift often serves as the trigger for Altseason—a phase where capital flows out of Bitcoin and into altcoins.
During Altseason, altcoins tend to outperform Bitcoin, with many showing multiple X returns in a short span of time. Traders and investors should keep a close eye on this critical dominance level, as the reaction here could determine the next explosive move in the crypto market.
Don't Worry i have a Good news
Waiting for Altseason congratulations 🎊
Bitcoin Dominance (BTC.D) is showing signs of making one last upward push towards the key resistance zone between 64.60% to 65%. This area has historically acted as a strong barrier, and a rejection here could signal a significant shift in market dynamics.
Once BTC.D hits this range and fails to break higher, we anticipate a reversal to the downside, marking the beginning of a Bitcoin Dominance downtrend. This shift often serves as the trigger for Altseason—a phase where capital flows out of Bitcoin and into altcoins.
During Altseason, altcoins tend to outperform Bitcoin, with many showing multiple X returns in a short span of time. Traders and investors should keep a close eye on this critical dominance level, as the reaction here could determine the next explosive move in the crypto market.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.