$BTC.D: Failed breakout above 66%. Was that it?

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Time and again we investigate the BTC dominance chart. In my opinion it is the most important chart in the Crypto markets. I have supported the idea that we will see BTC.D touch 66% in this market cycle. In my first blog on this topic on April 14th I published the idea here in Trading view.

BTC.D to 66%, TOTAL2 / BTC down to 0.43 for CRYPTOCAP:BTC.D by RabishankarBiswal — TradingView

Since April time and again we looked at this chart and since I first preached the idea of BTC.D to 66.2% from 63% in April we had some hiccups in the way where the Altcoins tried to claim leadership. On May 20th I indicated that the short-term blip is not consequential.

BTC.D : Have we seen the top or a local top in the BTC.D ? for CRYPTOCAP:BTC.D by RabishankarBiswal — TradingView

We reaffirmed our view on June 22nd, and we confirmed our commitment to BTC.D to 66%.

BTC weathering the storm: BTC.D close to 66%. BTC to 160K. for BITSTAMP:BTCUSD by RabishankarBiswal — TradingView

We briefly touched 66% and failed to breakout on June 27th. Now we have hit an air pocket. In my opinion this should also pass. Confirming my view of BTC.D to 66.2% and 160K $BTC.
Verdict: BTC.D will cross 66.2% before all set and done. Price performance of Altcoin can be good going from here.

Verdict: BTC.D will cross 66.2% before all set and done. Price performance of Altcoin can be good going from here.

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