BTC.D - Current State of the Market
Bitcoin's Dominance has just reached the 60% levels. This cycle is slightly different as ETFs are causing more money to flow into Bitcoin than normal cycles might allow.
But dominance is reaching the golden ratio (0.618) of its 2021 Fibonacci levels. If we see a rejection and retracement from this level, we could see money flow out of Bitcoin and more towards altcoins as this next leg of the bull market progresses.
But dominance is reaching the golden ratio (0.618) of its 2021 Fibonacci levels. If we see a rejection and retracement from this level, we could see money flow out of Bitcoin and more towards altcoins as this next leg of the bull market progresses.
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.