BTC dominance : Breakout or Fakeout?

28 Mar

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Let's analyze BTC dominance :

For four months, BTC dominance (BTC.D) has held a trendline support. After breaking out of an ascending triangle, BTC.D is forming another, with resistance at 62%-62.3%, repeatedly tested. A break above targets 64.50%, a strong resistance. Conversely, a trendline breakdown signals a potential drop to 59% support. Monitor these levels; a decisive break will heavily influence altcoin market dynamics.

Lower Support Levels:
59%-58.7%

Resistance Level:
62%-62.30%
64-50%


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18 Nis

İşlem aktif

BTC dominance almost hit our 64.2% target, now eyeing a potential pullback towards 63%. This level could see a temporary drop. Crucially, BTC dominance is just above a key trendline. A break below this line could trigger a significant and rapid rally for altcoins.