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Weekly Weakness For Bitcoin Dominance

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Market Cap BTC Dominance, % (CRYPTOCAP:BTC.D)  
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CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %
Trend Analysis Chart Patterns Technical Indicators Bitcoin (Cryptocurrency) bitcoindominance btcdominance altcoins altcoinmarket cryptomarketcap Cryptocurrency
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trendanalysis chartpattern indicator bitcoin bitcoindominance btcdominance altcoins altcoinmarket cryptomarketcap cryptocurrency
  • Bitcoin Dominance has failed to find support above the long-term downtrend resistance, and the current weekly candle is also below long-term upwards trendline support, which can only mean one thing.
  • A weekly candle close at about current levels or lower indicates a 4.5% drop on bitcoin dominance coming soon.
Comment:
1 day chart for BTC.D reveals negative momentum with red cloud future, TK cross-over and downwards MACD

snapshot

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