📊 Bitcoin dominance has been cruising in an uptrend channel for a while, but it recently broke below the channel's floor, dropping to around 58%. Right now, it’s bouncing around in a key zone between the 60% resistance and 56% support.
What’s Coming Next?
🔴 Short-Term Bearish Scenario: If dominance can’t hold above 60%, we might see it slide back to the critical 56% support. This could give altcoins some breathing room and maybe even spark a decent rally. Perfect opportunity for those eyeing altcoin trades!
🟢 Long-Term Bullish Scenario: If dominance builds a solid base at 56% and starts climbing again, it could aim for 64% and even push toward 68–70%. If this plays out, Bitcoin’s gonna take charge of the market again, and altcoins might feel the heat.
The Bottom Line:
Short-Term: A drop to 56% could mean altcoins steal the show. Keep an eye on this level!
Long-Term: If Bitcoin flexes its muscles and dominance climbs to 68–70%, it’s probably time to lean heavier into BTC in your portfolio.
✍️ This analysis can be a solid guide for balancing your portfolio between Bitcoin and altcoins. Watch those 56% and 60% levels closely to make smart moves!
What’s Coming Next?
🔴 Short-Term Bearish Scenario: If dominance can’t hold above 60%, we might see it slide back to the critical 56% support. This could give altcoins some breathing room and maybe even spark a decent rally. Perfect opportunity for those eyeing altcoin trades!
🟢 Long-Term Bullish Scenario: If dominance builds a solid base at 56% and starts climbing again, it could aim for 64% and even push toward 68–70%. If this plays out, Bitcoin’s gonna take charge of the market again, and altcoins might feel the heat.
The Bottom Line:
Short-Term: A drop to 56% could mean altcoins steal the show. Keep an eye on this level!
Long-Term: If Bitcoin flexes its muscles and dominance climbs to 68–70%, it’s probably time to lean heavier into BTC in your portfolio.
✍️ This analysis can be a solid guide for balancing your portfolio between Bitcoin and altcoins. Watch those 56% and 60% levels closely to make smart moves!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.