Bitcoin Dominance Moving Lower (Altcoins—Bitcoin Moving Higher)

Bitcoin Dominance going lower means that the Altcoins will be rising. The Altcoins rising means that Bitcoin is bullish and ready to grow.

Good afternoon my fellow Cryptocurrency trader, thanks a lot for your continued support.

I was wondering, does the Bitcoin Dominance index chart supports a bullish Bitcoin? This index is bearish and set to move lower.

Before we go any further, Bitcoin Dominance index was bearish between November and December 2024, at the time when Bitcoin produce a major advance from $80,000 toward $110,000. Which means that a bearish BTC.D chart can support a Bitcoin rise.

The session 3-Feb long upper-shadow is a classic top signal. The top implies that lower prices follow. This is also a rejection. Current price action is happening below the November 2024 peak reading.

All in all, Bitcoin Dominance is bearish. This index being bearish supports a bullish wave, a strong advance, developing across the Cryptocurrency market space.

When BTC.D went bearish last year, the entire market grew between 300% and 600%. This time, the growth phase will be much bigger and extended. The 2025 bull-market.

BTC.D supports higher prices based on this analysis and my interpretation of the signals.

Thanks a lot for your continued support.

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