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Market Cap BTC Dominance, %
Short

Bitcoin Dominance Bearish Outlook

By Valentv
Updated
BTC.D most likely will drop and we will enter altcoin season.

Rising wedge spotted in weekly time frame, my first target is around 47-49% for a potential retest or short consolidation or maybe invalidation.

The main target is around 39-40%, prepare for altcoin season.
Note
btc.d is below the rising wedge trendline, my first target is around 49-47% and then we most likely will consolidate or retrace. It could be when ETF is approved the dominance rise again.
Note
btc.d is currently on retest, faster than predicted.

I still expect it would drop to 47-49% and we enter altcoin season. Ethereum is having a rise currently (eth/btc pair) and that shows that we are about to enter altseason. Main target is still 39-40%.

Bitcoin > Ethereum > Altcoin
Bitcoin (Cryptocurrency)bitcoindominanceDemand ZoneRising WedgeSupply ZonesupportSupport and ResistancewedgebreakoutWedge
Valentv
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