Cryptolean Bitcoin Dominance BTC.D Update
In the weekly chart, Bitcoin Dominance is in the bullish territory, as long as weekly candles close above 53.27%.
Below 53.27%, the key weekly support, Bitcoin will share the dominance with Altcoins and BTC.D will decline towards 51.37%.
A bearish break-out of 51.37% and #Bitcoin Dominance keeping below this level will push BTC.D to 49% resulting in Altseason.
Above 53.27%, the probability to move to 55.5% remains high and this move will put pressure on Satoshi price of Altcoins.
Daily Chart
After finding a support at 50-Day Moving Average and 53% level, the BTC.D daily chart is lingering around 53.5%.
A bearish rejection of 53.5% will result in #BitcoinDominance moving to 52.24%, the key daily support.
A bullish break-out of 53.5% will place Bitcoin Dominance into the slow momentum area and will increase a likelihood of re-test of 54.5%.
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Below 53.27%, the key weekly support, Bitcoin will share the dominance with Altcoins and BTC.D will decline towards 51.37%.
A bearish break-out of 51.37% and #Bitcoin Dominance keeping below this level will push BTC.D to 49% resulting in Altseason.
Above 53.27%, the probability to move to 55.5% remains high and this move will put pressure on Satoshi price of Altcoins.
Daily Chart
After finding a support at 50-Day Moving Average and 53% level, the BTC.D daily chart is lingering around 53.5%.
A bearish rejection of 53.5% will result in #BitcoinDominance moving to 52.24%, the key daily support.
A bullish break-out of 53.5% will place Bitcoin Dominance into the slow momentum area and will increase a likelihood of re-test of 54.5%.
Like once read.
Thank you!
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