Currently bitcoin dominance is around 64% and about to hit Fib 1 which is the previous high 64.34%.
We can expect bitcoin to breach this previous high easily and head towards the next resistance around the fib value 1.414. This is a strong resistance and if dominance breaks this value then next target is 70% is which around the high value achieve during the 2020 bear run.
I'm expecting dominance to reverse around 1.414 and altseason will start once dominance starts dropping.
Cheers!
GreenCrypto
We can expect bitcoin to breach this previous high easily and head towards the next resistance around the fib value 1.414. This is a strong resistance and if dominance breaks this value then next target is 70% is which around the high value achieve during the 2020 bear run.
I'm expecting dominance to reverse around 1.414 and altseason will start once dominance starts dropping.
Cheers!
GreenCrypto
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🌐 Website: greencrypto.net
📚 Docs: docs.greencrypto.net
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📢 Telegram Channel: t.me/getgreencrypto
🆓 Free Trial / Contact Us: t.me/greencryptosupport
🌐 Website: greencrypto.net
📚 Docs: docs.greencrypto.net
🆓 Free Trial / Contact Us: t.me/greencryptosupport
🌐 Website: greencrypto.net
📚 Docs: docs.greencrypto.net
Related publications
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.