The term "BTCD" refers to Bitcoin Dominance – a metric that measures Bitcoin’s market capitalisation as a percentage of the total cryptocurrency market. It gives insight into whether investors are favouring Bitcoin over altcoins.
When we mention a "trendline bottom", we're referring to a key support level on the dominance chart that has historically prevented BTCD from falling further. If BTCD is now touching or bouncing from this trendline, it may indicate a potential reversal or resurgence of Bitcoin dominance.
Why This Matters:
Support Level: If the trendline has acted as a bottom several times in the past, a bounce here could signal renewed strength in Bitcoin compared to altcoins.
Rotation Signal: A BTCD bottom often precedes a capital rotation from altcoins back into Bitcoin, suggesting that BTC may outperform altcoins in the short to mid-term.
Macro Sentiment: A strong BTCD trendline can reflect investor caution – moving into Bitcoin as a "safer" crypto during uncertain times.
When we mention a "trendline bottom", we're referring to a key support level on the dominance chart that has historically prevented BTCD from falling further. If BTCD is now touching or bouncing from this trendline, it may indicate a potential reversal or resurgence of Bitcoin dominance.
Why This Matters:
Support Level: If the trendline has acted as a bottom several times in the past, a bounce here could signal renewed strength in Bitcoin compared to altcoins.
Rotation Signal: A BTCD bottom often precedes a capital rotation from altcoins back into Bitcoin, suggesting that BTC may outperform altcoins in the short to mid-term.
Macro Sentiment: A strong BTCD trendline can reflect investor caution – moving into Bitcoin as a "safer" crypto during uncertain times.
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