CryptoUltron

Bitcoin dominance make it or break it

CRYPTOCAP:BTC.D   Market Cap BTC Dominance, %

BTC dominance has been breaking all resistance even when BTC broke ATH altcoins are still struggling. traditional investors joined the Crypto Market and since then they are controlling the Bitcoin price which resulted in huge depreciation to ALTs Price and Market Cap. some good project did have some nice runs but 80% ALTs are still underwater.

The dominance has faced the resistance of 68% area. We can possible see a trend reversal and some kind of mini ALTs season.

Be careful with what u trade until we get confirmation. What we want to see for alt to rally

✅ETH/BTC is at support which I expect to bounce here.(0,0260 sat)

✅Total alt cap needs to break 225bil daily close above.

✅Bitcoin dominance getting a rejection.

Breaking above 69 % area I would be very worried about ALTs !!


Old BTC dominance chart that played out perfect




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.