Bitcoin Dominance at Major Resistance: Alt Pump Incoming?
🚨 Bitcoin Dominance Update 🚨
Currently sitting at 58.69%, Bitcoin dominance has reached a critical confluence of horizontal and trendline resistance.
📉 Key Observations:
- Dominance retraced precisely to the Golden Ratio (0.618 Fibonacci) level.
- This area marks a potential reversal zone.
💡 What This Means:
A decline in Bitcoin dominance could signal the much-anticipated altcoin season as capital flows out of BTC into altcoins.
🗺️ Key Levels to Watch:
- A breakdown from this resistance could lead to massive altcoin pumps.
- On the flip side, a breakout above this resistance could invalidate this setup.
📊 Keep your eyes on this setup, and let’s prepare for potential opportunities in the altcoin market. 🚀
🔔 Follow for more trade ideas and market insights!
BitcoinDominance Altcoins CryptoTrading AltSeason BTC
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.