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Bitcoin Dominance Set to Drop. Altcoins Poised for a Breakout?📉✨ Bitcoin Dominance Set to Drop? Altcoins Poised for a Breakout 🚀💎 1️⃣ Bitcoin Dominance Outlook: While Bitcoin's dominance has been on the rise, we may be nearing a turning point. If dominance breaks down from this channel, it could signal a big opportunity for altcoins to shine. 🌟 This could be the start of a new altcoin rally! Keep your eyes on key levels as this unfolds. 📊 2️⃣ Bitcoin Supply Milestone: 🟡 94% of the total Bitcoin supply has now been issued. With only a small fraction left to be mined, scarcity will increasingly influence Bitcoin’s value. However, this could also boost confidence in altcoins as traders look for the next big opportunity. 🔄 3️⃣ Time for China to Lift Bitcoin Ban? 🌏 Rumors are spreading that China might reverse its Bitcoin ban. This would likely have a major impact on the market, driving both BTC and altcoins upward. A bullish outcome here could inject fresh momentum into altcoins. 🐂🚀 just rumors and anyways Chinese do carry crypto anyways... 4️⃣ Liquidation Warnings: Despite potential short-term volatility from liquidations, a drop in Bitcoin dominance could shift the spotlight to altcoins. If you're positioned in alts, this could be a moment to watch closely! 🔥 (think spot going forward?) 5️⃣ FED Speakers and Macro Impact: Goldman Sachs lowering the US recession risk and key FED speakers this week could impact market sentiment. Watch for potential shifts that could favor altcoins over Bitcoin in the short term. 💼📊 📌 Get ready! A potential drop in Bitcoin dominance could be the signal we've been waiting for to see altcoins take off. Stay sharp, and protect your positions! Relevant News: 🔗 Goldman Lowers US Recession Risk: What It Means for Bitcoin 🔗 Bitcoin Dominance and Altcoin Season One Love, The FXPROFESSOR 💙
CRYPTOCAP:BTC.D
by FX_Professor
4
Understanding Bitcoin DominanceHello, Traders! Have you ever wondered what Bitcoin Dominance (BTC. D) means? It’s not about Bitcoin ruling the world, but it's close! BTC. D is a measure of Bitcoin’s market capitalization relative to the total market capitalization of all digital assets. In simple terms, it's Bitcoin's share of the entire crypto market’s value. Historical Context When Bitcoin launched in 2009, it was the only digital currency around, so naturally, it made up 100% of the crypto market. But things started to change. By 2013, the first wave of alternative coins (altcoins) hit the scene, shaking things up. Then came Ethereum in 2015, introducing Ether (ETH), Bitcoin’s closest rival. The big shakeup happened in 2017 with the Initial Coin Offering (ICO) boom, which saw Bitcoin’s dominance drop to an all-time low, only to rebound shortly after. And why should you bother about BTC Dominance? Well, it is an important indicator of market direction. If BTC. D is high, which usually means investors are playing it safe and sticking with the tried-and-true king of crypto. A drop in dominance often signals that investors are exploring altcoins, which can indicate a 🐂 market phase. Essentially, understanding BTC Dominance helps traders gauge the market's risk appetite and make informed decisions. The Rise of Altcoins The Altcoin Era started seriously in 2011. That said, Bitcoin did not lose its grip despite numerous entrants and kept around 95% of the dominance. However, the tide began to turn in 2015 with the introduction of Ethereum. But until the ICO frenzy of 2017, which was characterized by many new projects coming up, hence highly diluting its market share, Bitcoin stayed dominant for years on end. The ICO Boom and Crypto Winter The ICO boom from 2017 to 2018 brought thousands of new tokens and billions in investment, causing Bitcoin Dominance to plummet to around 37% in early 2018. However, many ICO projects lacked fundamentals, leading to a market crash known as the “Crypto Winter.” This period saw a significant decline in altcoin values and a recovery in Bitcoin Dominance, which climbed back above 50% by the end of 2018. Bitcoin’s Resurgence and the COVID-19 Market In 2019, Bitcoin saw a slight price recovery, peaking at 70% dominance in September. The onset of the COVID-19 pandemic in 2020 triggered a massive 🐂 run in the crypto market. Bitcoin Dominance hit 72% in January 2021, only to fall to 42% by mid-2021 as altcoins gained popularity. COVID-19 saw many people turn to day trading and investing, with significant funds flowing into crypto markets, including altcoins. Recent Trends and the Future So, Bitcoin Dominance has struggled to climb back over 50% in recent years (2021-2024). Cryptocurrencies like Ethereum, for example, are no longer just alternatives — they’re strong contenders. Each brings something unique to the table, whether it’s smart contracts, lower transaction fees, or faster transaction times. Investors are no longer putting all their eggs in one basket, either. Technological advancements are another game-changer. Many altcoins are adopting advanced technologies and consensus mechanisms that make Bitcoin’s Proof-of-Work model look a bit outdated. Think about Ethereum’s transition to Proof-of-Stake and its new Layer 2 solutions. Thoughts? So, maybe it’s not just about Bitcoin anymore? The entire cryptocurrency industry is evolving, with altcoins carving out significant niches and attracting massive investment. The growth of the altcoin market has undoubtedly eaten into Bitcoin’s market share, but Bitcoin remains the leader in terms of market cap.  Many investors still see Bitcoin as “digital gold” due to its finite supply. However, history has shown that being first doesn't guarantee perpetual dominance. Whether another cryptocurrency will rise to challenge Bitcoin’s top spot remains to be seen. As we continue to watch the crypto market evolve, remember that every piece of information can be valuable. DYOR. As the saying goes, “The time spent gathering information is never wasted?”
CRYPTOCAP:BTC.D
by WhiteBIT
BTC Dominance📊 BTC Dominance: Key Dates Ahead 🚨 Bitcoin's dominance is approaching critical levels. We're watching for significant movements around October 7, 2024 and November 3, 2025. These dates could mark key turning points for BTC dominance, impacting the broader crypto market. If BTC dominance drops to around 40%, it could trigger a colossal altcoin season, presenting massive opportunities for altcoin investments. #Bitcoin #BTC #Crypto #BTCdominance #MarketAnalysis #AltSeason
CRYPTOCAP:BTC.DShort
by trushkovskiy
XRP gaining dominance after lawsuit victory!Welcome back to another analysis, where we dive into the latest market trends and chart the potential paths ahead! Today, I examined the XRP Dominance chart. The chart reveals that we've broken out of a falling wedge resistance and have since retraced to retest the former resistance line as support. Additionally, a double bottom pattern has formed, accompanied by a bullish engulfing candle on the weekly chart, right at the base support line and the previous falling wedge resistance. Notably, the volume data shows an interesting trend: XRP has seen more inflow volume than outflow, indicating potential accumulation by both retail investors and institutions. We are currently facing additional resistance, but if we manage to break through and establish a bullish trend on the XRP Dominance chart, key resistance levels to watch will be around 3%, 4%, and 6% dominance. Historically, XRP once held 30% market dominance, and I believe this project has the strength to reach that level in the long term. Turning to the BTC Dominance chart, it is also encountering significant resistance, suggesting a potential turning point where altcoins may outperform Bitcoin in the coming period. Thank you for reading, and be sure to follow for more in-depth analysis like this! For additional insights, I also share free weekly updates on X: @PuppyNakamoto. CRYPTO:XRPUSD COINBASE:XRPUSD BINANCE:XRPUSD BITSTAMP:XRPUSD BINANCE:XRPUSDT CRYPTOCAP:XRP.D
CRYPTOCAP:XRP.DLong
by WOLFofBlockStreet
6
The BTCDOM/USDT chart shows Bitcoin's dominance in the marketThe BTCDOM/USDT chart shows Bitcoin's dominance in the market, with current trading levels around 2,782.5. The price action has seen significant movements, including sharp rises and corrections, indicating a highly volatile market. Key Points: Support and Resistance Levels: The price recently tested a high (HH) near 3,005.8 but faced strong resistance, leading to a correction. Support has been identified around 2,754.8, where a recent long position was initiated. This level could serve as a crucial point for further upward movements. Recent Trade Setups: A long position was taken at 2,754.8, aiming for multiple take profit (TP) levels. The first TP level at 2,734.8 has been hit, and the price is now approaching the second TP at 2,714.9. A short position was also entered near 2,763, but the price has since moved higher, possibly hitting the stop loss (SL) at 2,834.4. Current Scenario: The price is currently in a consolidation phase, moving between the key support and resistance levels. If it breaks above the recent high, it could retest the resistance around 2,834.4 and potentially move towards 3,000. Conversely, a break below 2,754.8 could lead to further declines, with potential targets around 2,688.4 and 2,635.3. Potential Targets: On the downside, the price might target the levels of 2,688.4 (TP3) and 2,635.3 (TP4) if the current support fails to hold. On the upside, the key resistance levels to watch are at 2,834.4 and above, which the price needs to overcome to resume a bullish trend. Conclusion: BTCDOM/USDT is at a critical juncture, with the price testing key support and resistance levels. Traders should monitor the price action closely for a decisive breakout or breakdown, as this will determine the next significant move. Holding above 2,754.8 could indicate bullish potential, while a fall below this level might lead to a deeper correction.
Short
by RICHI_CRYPTO_SIGNAL
Alt Season is Right Around the CornerBitcoin dominance has been growing in the past few days as it outperforms the rest of the cryptocurrency market after the sharp drop last week. Many things are pointing towards Bitcoin continuing to outperform in the short term as we gear up for the next parabolic bull market. However, alt season is very close and, once BTC confirms it's breakout towards 100k, a lot of the large caps like Ethereum and Solana will begin to go up very quickly. This is based on my cyclical analysis of alt seasons. To get a better idea of the cyclicality of cryptocurrency, Bitcoin, and alt seasons, check out my previous post which predicts the next parabolic rise in November: An important thing to note when referring to alt seasons is that they don't last long (only a few months). So understand your timeframe when investing over the coming weeks. Another important idea is how money tends to flow during this period. It historically starts with Bitcoin breaking its all time high and beginning to rise. During this time, altcoins tend to underperform. But once BTC consolidates and begins to go sideways, that's when the rest of the market has time to catch up. In the chart I show 4 key points: Bitcoin This is when BTC makes a significant breakout whether that's from a significant resistance level or its ATH. This is where BTC is outperforming 99% of the market. Ethereum & Large Caps BTC will begin to slow down and a lot of the major altcoins will see a big increase. This is where you can find great trade setups on the BTC pairs like ETHBTC, SOLBTC, etc. BTC Consolidates BTC will start to go sideways, cooling off and preparing for its next rise. From here you might see some pumps in mid-low caps. These tend to be volatile and hard to predict. Small caps - Quick and fast As BTC continues to go sideways, some small caps might experience quick pumps in price. Similarly, these tend to be even more volatile and hard to predict. After this, the pattern repeats back up to Bitcoin until we reach a peak and begin a new bear market. The cryptocurrency bull market is brewing up and alt season can offer some incredibly profitable opportunities. Plan ahead, and don't overtrade.
CRYPTOCAP:BTC.D
by spilkerBTC
Is #Bitcoin Dominance falling down?#Bitcoin Dominance 1W chart; I would like to start by telling you that I have some good news As I mentioned in the previous chart, 58.25% and then the OB resistance level of 62% are important. I think it will have much more positive effects if it reaches 62% because it will weaken the resistance at this level. This is the level that will help us in the next bull cycle. That's why I care about it. Now for the good news... As can be seen on the weekly chart, the RSI seems to have begun to mismatch. After a fake out to the resistance level at 58.25%, I think that it will ease down for the initial target of the pattern. After the 50% level is seen, I expect it to start a rise again and to turn its direction down as it tests the OB level, which is the second resistance while completing this pattern.
CRYPTOCAP:BTC.DShort
by ugurtash
BTCDOM at the threshold of a strong impulseA very interesting situation is now observed on such a ticker as BINANCE:BTCDOMUSDT.P - bitcoin dominance index released by Binance. It differs from CRYPTOCAP:BTC.D in that it shows bitcoin dominance to the top 20 altcoins. On the weekly chart of BINANCE:BTCDOMUSDT.P there is a very old AMEXP model from June 5, 2023, which essentially describes the entire current uptrend on this index. So within this model there was a target value of 100% level (2625.1), which has been a resistance for 112 days and during this time there were 4 attempts to test it. In case we see a breakout, there may well be a very strong impulse, which will be accompanied by great volatility in the market. What two scenarios could work at this point? 1️⃣ Index growth will be due to the fact that the top 20 altcoins will stand still/fall on the background of INDEX:BTCUSD growth. 2️⃣ Index growth will be due to the fact that the top-20 altcoins will fall faster than INDEX:BTCUSD will fall.
Long
by TSFC
Which direction should Bitcoin Dominance take?#Bitcoin Dominance 1D chart; The white trendline starts from January 2015 and continues to the present day with a peak in January 2021. It managed to rise above the trendline with strong momentum. A decline will surely come, but it is too early for that. So why not now? In order for the decline to begin, the necessary infrastructures must first be formed. One of them is the RSI mismatch. There is no decline at the moment. Pay attention to the levels I have circled in red circles; the first one is a strong resistance level, the other is OB resistance. My opinion is that we can see a rise at least until the OB region.
CRYPTOCAP:BTC.D
by ugurtash
Chart Idea - BTC.DBTC.D is in rising wedge since Nov 2022. It's getting closer to the apex area. 82% rising wedges break towards downside. It seems that BTC will chop around in this after halving period, takes liquidity from both sides, and then will have a parabolic move by Aug-Sept 2024. Once BTC.D reaches the reversal zone range of 56-58%, it should break this rising wedge if not before. It's TP should be 45.7% which is a 0.618 fib level. ALTS should rally hard in the Q4 2024 if this TA works out.
CRYPTOCAP:BTC.D
by smwajeeh
7
#BTCDOMUSDT #1D (Binance Futures) Ascending trendline breakdownBitcoin Dominance is pulling back towards 50MA resistance on daily, seems likely to get rejected next. ⚡️⚡️ #BTCDOM/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Short) Leverage: Isolated (6.0X) Amount: 6.0% Current Price: 2374.2 Entry Targets: 1) 2411.5 Take-Profit Targets: 1) 2010.3 Stop Targets: 1) 2612.6 Published By: @Zblaba BINANCE:BTCDOMUSDT.P CRYPTOCAP:BTC.D #Bitcoin #Dominance #Index Risk/Reward= 1:2.0 Expected Profit= +99.8% Possible Loss= -50.0%
Short
by TradingOn
Bitcoin Dominance UpdateBTC.D was rejected from the channel's trend line and consolidated above the 55% zone (blue). It then broke down and found support at the 54% zone (green).  If BTC.D falls below this 54% support, it could drop to the 53% zone (yellow), which would be positive for altcoins, as a lower BTC dominance usually benefits them.  However, if BTC.D bounced back from the 54% zone back to the 55% zone, it would be very bad for altcoins, as previously BTC.D bounced many times from this zone. Increase in dominance causing further declines in the altcoin market.
CRYPTOCAP:BTC.D
by TheCryptoCity