Here's an alternative bullish point of view for Bitcoin Dominance - weekly is showing a cup and handle pattern ultimately targeting ~50%.
Here's my previous bearish idea:
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Update - very near TP 1 on the cup/handle weekly chart:
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Update - zooming out we still haven't reached TP 1, which lines up quite closely with the upper trendline on this expanding wedge. Imagine we at least see TP 1 before moving back down, possibly a wick to TP 2, if not a straight up breakout instead;
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Here's a possible scenario where we reach both targets and then turn down: