BTC.D / Bitcoin Dominance about to drop? #BTC.D
The Bitcoin dominance has been falling ever since september of 2019.
Since late august of 2020 it has been rising though and altcoins have been bleeding against Bitcoin.
Now might be the time to continue the descend.
The level of 60.35 seems to have been significant on numerous occasion, working as both restistance and support in may of 2019 and again july-september of 2020.
The chart went below it mid-august and has since struggled to break above it. I believe it will keep struggling, get rejected again, fall further letting altcoins surge.
Will see...
I still believe that BTC.D should at least go to 50.0 before it's super-domination begins.
Since late august of 2020 it has been rising though and altcoins have been bleeding against Bitcoin.
Now might be the time to continue the descend.
The level of 60.35 seems to have been significant on numerous occasion, working as both restistance and support in may of 2019 and again july-september of 2020.
The chart went below it mid-august and has since struggled to break above it. I believe it will keep struggling, get rejected again, fall further letting altcoins surge.
Will see...
I still believe that BTC.D should at least go to 50.0 before it's super-domination begins.