In this blog space we have been discussing Bitcoin Dominance (
BTC.D) since Dec 2024. On 9th Feb 2025 I posted a blog where we discussed the Fib Retracement levels in
BTC.D chart and we said that we can expect more upside and has broken past 0.618. I said it is possible that the dominance can reach the 0.786 Fib level at 66.12%.
I tried to plot the Dollar index
DXY in the same weekly chart as
BTC.D and it was quite surprising that the FIB retracement levels in
BTC.D are the same as the top to the bottom levels in the
DXY chart. We are looking at the last 5 years for our analysis.
When
BTC.D has broken past 0.618 Fib level and trying to reach 0.786 @66.12%. But the
DXY has broken below 0.786 and in the near term the
DXY level can end up at 0.618 Fib levels which can take
DXY to 104.
So, in the near to medium term is
BTC.D @ 66.12% and
DXY @ 104.
I tried to plot the Dollar index
When
So, in the near to medium term is
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.