BTC Dominance is Dominating
The 49% Resistance area for BTC D. has been at play since the summer of 2021 when we first hit that resistance level.
You can see in previous areas BTC D finding resistance was bullish, money flowed into Alts and Total Crypto MC pumped hard. The 3d retrace was marked by a further dip in overall Crypto MC but coincided with a drop in BTC price. Currently since the last time resistance was hit we have seen several alts pop off and BTC find resistance at 30800.
While BTC D was rejected at resistance once more on 12 April, a retrace occured that found support around 47%.
Currently we are bouncing back to the resistance at 49%. BTC Dominance
Over the last 3 days BTC Dominance has been pumping back to resistance.
If it breaks out to the upside, expect ALTS to bleed, would be a good moment to load up on Altcoins.
Hitting Resistance and breaking down to previous levels would likely be bullish for altcoins as long as BTC price either stabilizes (ideal scenario) or pumps along with the alts.
Patiently waiting...
You can see in previous areas BTC D finding resistance was bullish, money flowed into Alts and Total Crypto MC pumped hard. The 3d retrace was marked by a further dip in overall Crypto MC but coincided with a drop in BTC price. Currently since the last time resistance was hit we have seen several alts pop off and BTC find resistance at 30800.
While BTC D was rejected at resistance once more on 12 April, a retrace occured that found support around 47%.
Currently we are bouncing back to the resistance at 49%. BTC Dominance
Over the last 3 days BTC Dominance has been pumping back to resistance.
If it breaks out to the upside, expect ALTS to bleed, would be a good moment to load up on Altcoins.
Hitting Resistance and breaking down to previous levels would likely be bullish for altcoins as long as BTC price either stabilizes (ideal scenario) or pumps along with the alts.
Patiently waiting...
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