BTC Dominance Chart - BITCOIN DOMINANCE
BTC Dominance is the most important chart to follow to understand whether the crypto market is in an altcoin or Bitcoin season.
"We had a great projection regarding the Bitcoin Dominance bearish shift around the 60% level, and it played out perfectly. I’ve linked that projection to this post for reference.
Currently, Bitcoin Dominance is testing the weekly supply zone as a bearish retest. This aligns with the premium side of the Fibonacci, adding to my conviction that we’re likely to see a bearish reversal from here, forming a lower high. This lower high could potentially trigger another leg down in dominance, setting the stage for a strong altcoin season.
I expect this shift to happen very soon.
"We had a great projection regarding the Bitcoin Dominance bearish shift around the 60% level, and it played out perfectly. I’ve linked that projection to this post for reference.
Currently, Bitcoin Dominance is testing the weekly supply zone as a bearish retest. This aligns with the premium side of the Fibonacci, adding to my conviction that we’re likely to see a bearish reversal from here, forming a lower high. This lower high could potentially trigger another leg down in dominance, setting the stage for a strong altcoin season.
I expect this shift to happen very soon.
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