BTC dominance resistance and break down level!!
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Let's analyze BTC dominance:
BTC.D has been on the rise for the past four weeks and is now at a critical resistance level. Following Bitcoin's recent price surge, altcoins are struggling due to low liquidity. A rejection at the 59.92% resistance level for BTC.D could provide an opportunity for altcoins to recover. The 58.75% level is an immediate support for BTC.D, but a break below this level could also signal further downside. If BTC.D falls below 58.75%, the next support level to watch is 56.80%.
Key Levels:
Support: 58.75%
Resistance: 59.92%
A breakdown below the support level could potentially trigger a significant shift in market dynamics, favoring altcoins over Bitcoin.
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Let's analyze BTC dominance:
BTC.D has been on the rise for the past four weeks and is now at a critical resistance level. Following Bitcoin's recent price surge, altcoins are struggling due to low liquidity. A rejection at the 59.92% resistance level for BTC.D could provide an opportunity for altcoins to recover. The 58.75% level is an immediate support for BTC.D, but a break below this level could also signal further downside. If BTC.D falls below 58.75%, the next support level to watch is 56.80%.
Key Levels:
Support: 58.75%
Resistance: 59.92%
A breakdown below the support level could potentially trigger a significant shift in market dynamics, favoring altcoins over Bitcoin.
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
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Related publications
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.