Bitcoin Market Dominance with Moving Averages This Pine Script indicator tracks Bitcoin market dominance by calculating the percentage of Bitcoin's market capitalization relative to the total cryptocurrency market cap.
Features: ✅ Real-time BTC Dominance Calculation: Displays the percentage of Bitcoin’s market share. ✅ Moving Averages: Includes two customizable moving averages for trend analysis. ✅ Visual Alerts: Background colors indicate different dominance levels:
Green: BTC dominance is above 50% (strong BTC market control). Red: BTC dominance is below 40% (altcoins gaining strength). Orange: BTC dominance is between 40%-50% (neutral zone). This tool helps traders analyze Bitcoin’s influence on the crypto market and identify key dominance trends.