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Bitcoindominance

Bitcoin Dominance (BTC.D) Approaching 2024 Altcoin SeasonLooking at the 1W time frame of the Bitcoin Dominance (BTC.D) chart, it looks like it's time for the market to transition from being primarily Bitcoin-dominated to altcoin-dominated. We've seen the writing on the wall with Bitcoin making headline after headline regarding United States Spot ETFs or the halving event. Now that the majority of investors are sucked into Bitcoin, timeline shifts into altcoins. We can see that through the news now with the attention picking up on Ethereum (not discrediting Solana growth by any means, it's still small enough in market cap where it doesn't marginally change the TOTAL2 cap or this chart). Ethereum has the impending United States Spot ETFs approval as well as regulatory clarity coming around Uniswap, and from that I'd assume we'd get some sort or clarity regarding memecoins as well, sending that respective market flying with a green light for institutional investors to invest. Bitcoin is trying to grab attention or hold it's relativity now with Ordinals and L2s, and that's great! Let's say though you buy PUPS, that's considered part of TOTAL2 or bringing down the capitalization of Bitcoin relative to the rest of the crypto market. I'm expecting this trend to continue where Bitcoin holders are using their coins on-chain for these activities, ultimately dragging the BTC.D cap down with it. This time around, I don't see the possibility of Bitcoin reaching the previous 72.04% level due to the sheer amount of tokens and liquidity flying around these smid caps. Each Bitcoin Dominance cycle or Bitcoin cycle for that matter, the altcoin seasons get less and less intense due to the amount of relativity they have compared to Bitcoin at all seasons instead of just during altcoin season. Around this 55% range is mid-range of this free-fall seen in 2021, and where orders are resting. We could see Bitcoin Dominance either range in this area or start free-falling, either way I don't see a market where we re-claim that 72.04% or push much higher for that matter. Also, hearing a lot of talk about this cycle being over, cannot tell if they're joking or not, but we haven't seen that altcoin season euphoria yet. That is yet to come. An interesting observation here we can see the 2021 altcoin season took 1085 days to build up from the bottom to the top of Bitcoin dominance, and this 2024 season is right on par with that 1085 days before the cycle ultimately starts. This Bitcoin cycle is a little bit different, so we'll see how this chart plays out this time around, but I remember last cycle, 2021, I called the 72.04% Bitcoin Dominance wick to the Tee. Could be longer, who knows, but so far this chart is playing out and figured I'd give an update. The 2021 altcoins season lasted almost that full year of 2021, but as we can see on the chart, the major move happened between January - May 2021, those 5 months. If history were to repeat itself, we should see this cycle's main move play out in 5 months too.
CRYPTOCAP:BTC.D
by kyer
1
BITCOIN dominancehello dear trader and investors there are two senario for biton dominancee 1/ if dominance hit the top of uptrend channel (58 -59.8 ) sell zone 2 willbe activated and altseason actice from here 2/ if dominance breakdown uptrend channel on 54 To invest, make sure you have a portfolio and make buy your altcoin step by stepThe post 85% of Altcoins Are in Historic Buy Zone: Santiment Report appeared first on Coinpedia Fintech News If we take a general look at the sentiments of the crypto community, we realize that altcoins are often seen shadowing the dramatic volatility of their big brother, Bitcoin. However, an on-chain analytics firm, Santiment, has given us a fresh look at altcoins. Santiment’s report suggests that a pivotal shift may be on the horizon for these alternative digital assets. According to their data, most altcoins are positioned in a historic “opportunity zone.” Santiment’s Report on the MVRV Ratio According to our model, the mid-term gains and losses by average wallets indicate heavy realized losses across most #altcoins. Over 85% of assets we track are in a historic opportunity zone when calculating the market value to realized value (MVRV) of wallets' collective… pic.twitter.com/NogkCSH5PG — Santiment (@santimentfeed) April 25, 2024 The Market Value to Realized Value (MVRV) ratio is a renowned metric utilized by cryptocurrency analysts to gauge the market condition of digital assets. This indicator compares the market cap, which reflects the current market valuation of an asset’s circulating supply, with the realized cap which represents the aggregate cost basis of the asset investors hold. “Santiment’s MVRV ratio model shows that over 85% of altcoins are currently in an opportunity zone based on their collective returns over 1-month, 3-month, and 6-month cycles,” notes the firm. This unique zone, delineated by the MVRV metric, highlights periods where the potential for price increases is enhanced, ostensibly due to the prevailing market undervaluation relative to historical data. Indications for Investors The analysis indicates that the bulk of altcoins are not just surviving but potentially thriving, setting the stage for what many in the crypto community would call an ‘altseason’. This period is characterized by a surge in altcoin prices, often outpacing Bitcoin and disrupting traditional market correlations. “It may be justified to buy while there is growing fear seeping in from the crowd after all of these market cap dips,” suggests Santiment. This sentiment is backed by their MVRV data, which hints at a robust comeback as investors begin recognizing the undervalued state of many assets. Strategic Investment Approaches For investors looking to capitalize on these insights, Santiment provides detailed analytics through their Sanbase PRO platform, which is accessible via a special trial offer. Moreover, enthusiasts and analysts can dive deeper into this data through tools and models provided by Santiment, such as their Sansheets plugin and API services. As the digital asset landscape matures, tools like the MVRV ratio offer valuable insights that help navigate its volatility. With over 85% of altcoins currently in the opportunity zone, the market seems ripe for a potential uptrend, beckoning both seasoned traders and curious investors. In summary, leveraging advanced analytical tools to understand market sentiments and asset valuations could not only demystify the complexities of crypto investments but also highlight timely opportunities for market entry. good luck
CRYPTOCAP:BTC.D
by mehdi_kb
1
Bitcoin dominance teasing a break above the purple channel.The fomo of people wanting to start piling into bitcoin is intensifying and we can see that here in the bitcoin dominance chart as price action is starting to poke its head above this purple channel we’ve been consolidating in for some time. For it to truly break out. Of this channel it’s gonna need to flip the tan trendline just above it to solid up port though. A rejection from that tan trendline could send bitcoin back inside the purple channel. Should it flip the tan trendline to support, you can see the dotted purple line that will lead us to the full measured move target. We can also see a dotted green measured move line from a different chart pattern to the left of that also having a price target that is close to the same range, which bolsters the probability of the purple target being reached with some nice bullish confluence. No confirmation of the breakout just yet but If we can get a full candle closing above the channel in its entirety that will likely be a bi sign that its ready to trigger. First things first is just getting part of a 1day candle body to close above the top trendline of the purple channel. SHould this confirm its breakout then we are likely to see bitcoin pump on its own while most of the alts only go sideways or have very little increase in price until bitcoin dominance has reached its full target. *not financial advice*
CRYPTOCAP:BTC.D
by DrDovetail
An update on the bitcoin dominance charts double bottom patternWe can see that Bitcoin dominance is still on its way to the full breakout target from the double bottom pattern it broke up from a couple months ago. After breaking up from the neckline of the double bottom pattern it formed a bullflag and seems to have just recently broken upward from that bull flag. The target of the bullflag breakout lines up nicely with the double bottom breakout target giving us some nice bullish confluence to increase the probability of hitting the full target of about 57.18%. Once bitcoin reaches this level, it would not surprise me if thats when alt really start to pump afterwards. We shall see soon enough if that will hold true. *not financial advice*
CRYPTOCAP:BTC.DLong
by DrDovetail
2
Bitcoin Dominance - A Bullish Breakout towards 65%Here is my forecast for the bitcoin dominance chart: I think we could see a continued bull run on the BTC.D weekly towards the 70% (overbought) level by the end of this year - so you definitely want to remain overweight BTC until then. The picture also suggests that we may see another "alt season" near the end of 2024, as the crypto market heats up and we enter Fomo phase of the cycle. I believe the alt season could last until Q1-Q2 of 2025, at which point the entire market will be overbought. At this point, look for the ones that pumped the most - these will make for great short plays to hold in 2026.
CRYPTOCAP:BTC.DLong
by Lorenz_Capital
BTC.D has NEVER Broken Above This Line! Ever.Traders, I know there's a first for everything but, as traders, we usually do our best work NOT guessing when that first will be. In this case, I have traced that descending purple TL back to sometime around November of 2016, which is nearly to the inception of dominance on this particular chart. In it's history, BTC.D has NEVER broken above our trend line with confirmation on the daily. You can observe a few wick ups but no body closes, let alone confirmation. Until we get a close above that TL with confirmation, I believe it's safe to conclude that we may see Bitcoin struggle a bit here vs. the Alts. Bitcoin needs to close above this trend line or larger cap alts, like Ethereum, will continue to outperform. Stew
CRYPTOCAP:BTC.DShort
by stewdamus
2
Alt Season Around the Corner (Scenarios)Bitcoin Dominance may be topping out here - a possible triple-top. Meanwhile many alts are bottoming vs. Bitcoin. A couple of examples shown here in contrast with CRYPTOCAP:BTC.D are BINANCE:ETHBTC and BINANCE:HBARBTC which may also be forming triple bottoms. This could occur as soon as next week. Other possible scenarios could be: Scenario 1: Mini-Alt-Season First: Then Bitcoin Dominates again -> Actual Alt Season: For this scenario, we'd likely see something like an initial breakdown of Bitcoin Dominance and breakout of Alts vs. their Bitcoin pairings, followed by a pullback on both as Bitcoin rises higher and alts lose vs. BTC again, hitting higher lows near bottom prior to the real breakout. Scenario 2- Breaks and Pullbacks Now: Dominance Breaks above 54.09% now -> Alts Lose their Bottoms Briefly -> Alt Season In this example, there's a breakout above recent Bitcoin Dominance highs (weekly close(s) above 54.09%), and alts breakdown losing their current bottoms vs Bitcoin (weekly close(s) below their weekly lows). Then a pullback below 54.09% and above alt's recent lows leading into an extended alt season. Scenario 3 - Idea is Invalidated - Dominance either heads up strong and Bitcoin eats alts or it falls as Bitcoin drops hard as Dominance does and the entire market moves down This final scenario is the invalidation of this idea. Bitcoin either rises hard along with dominance and destroys alt/btc pairings, or dominance and Bitcoin drop together as the entire market weakens - and if this occurs, I'd expect the signal for it would be as TVC:DXY strengthens heading above 106-108 and then 112-115 (see my other published posts about the Dollar Index and how it relates to crypto and stocks on the macro). Hope this helps someone, cheers and good luck! - dudebruhwhoa
CRYPTOCAP:BTC.DShort
by dudebruhwhoa
4
AXS Analysis: Symmetrical Triangle Breakout and Market IndicatorThis analysis examines the recent price action of BINANCE:AXSUSDT AXS, focusing on the symmetrical triangle pattern and its potential breakout scenarios. 📉🔺Parabolic Move and Symmetrical Triangle: AXS experienced a parabolic price surge and subsequently entered a symmetrical triangle pattern. This pattern indicates a period of consolidation and uncertainty before a potential breakout. 🔽Breakout Scenarios: A breakout from the triangle could lead to two main scenarios: 1. Upward Breakout: A breakout above the triangle's upper resistance could signal a continuation of the upward trend. 2. Downward Breakout: A breakout below the triangle's lower support could indicate a bearish reversal and a downward movement. 📊🔺Market Indicators and Considerations: The direction of Bitcoin dominance and the Total Crypto Market Cap (TMC) index can influence AXS's price action. In the 4-hour timeframe, the 50 EMA is acting as a support level, potentially affecting price movement. ⛔Additional Considerations: False breakouts are possible, and traders should exercise caution and rely on confirmation indicators. Analyzing other technical indicators and market sentiment can help refine trade entry and exit strategies. 🚫This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading.
Short
by solinash1
📈Checkout the dominance, AltSeason is close!📉CRYPTOCAP:BTC.D BINANCE:BTCUSDT There are two scenarios for the start of a bullish rally in altcoins. Scenario 1: If Dominance fails to break above the 53.35 level, it will move towards the bottom of the pitch-fork. In that case, we will have a short but relatively intense and exciting rally in altcoins. Second scenario: With Dominance stabilizing above the level of 53.35, the rise of Dominance to the level of 57 will cause Bitcoin to continue its rally and test the level of $70,000 and above. Further, by placing Dominance between two blue resistances and even falling to the bottom of the pitch-fork at the same time as Bitcoin stabilizes at around 65-70 thousand dollars, it can involve altcoins in a longer-term rally than the first scenario. Note: This week, after a short period of time when I had little analytical activity on this page, I plan to introduce and analyze my suggested altcoins in this rising market. We will have fun plans soon. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾
CRYPTOCAP:BTC.DShort
by CrazyS
Cryptolean Bitcoin BTC Update Today, Bitcoin entered the key daily resistance zone of $69,654-$73,422 and is moving to the top of this zone. The price action with $69,654-$73,422 is very important. The daily candle closure above this zone will push Bitcoin price higher towards $78,223-$82,353. An inability to sustain the price action above $69,654 could push BTC price towards the minor support at $64,360 and, possibly, lower the key daily support of $59,920. Intraday Chart The intraday chart is interacting with the key resistance zone of $67,901-$70,177. From its current price location or after re-test of $70,553, a bullish move to $73,234-$75,142 is very likely. A quick move up and a bearish rejection of $73,234-$75,142 could lead to re-test of $68,305, the key intraday support. A bullish break-out of $73,234-$75,142 will help bulls to take a control of the intraday chart and BTC price will move towards $78,000. Like once read. Thank you!
Long
by Trade-Lean
2
Bitcoin is Still Bullish to 80k Before 48k RetestTraders, Just a quick note to keep you abreast on my still bullish Bitcoin bias. As you know, previously, I had thought that we might get a pullback to 48k before continuation to our inverse H&S target of 80k. But that was only if we could not close above our multi-year support/resistance from 2019. The bulls pushed right through that, a feat that is rarely accomplished! I don't know that I've ever witnessed a break straight through a TL that remains so significant. And now, with this weekly candle closing above the same resistance and forming a bullish hammer candle pattern, the probability increases that we will continue straight to our 80k price target before any sort of a pullback. The Bitcoin dominance chart (below), however, is rather bearish. Does this indicate weakness in our great leader? Not necessarily. In fact, I am of the persuasion that it actually indicates another huge altcoin bull run could be imminent. See, what could occur here soon is that alts take off and increase rapidly in price. BTC dominance dissipating could simply indicate to us that even though Bitcoin will continue to increase in price, altcoins will do it much more rapidly. The net effect of this race to the top with altcoins winning by a long shot would cause BTC dominance to drop. And this is my current view. If I am right here, the next few weeks in the altcoin space should be a ton of fun and huge profits are on their way. But set those stops accordingly. I could be wrong too. You know my bet. Best, Stew
INDEX:BTCUSDLong
by stewdamus
Cryptolean Bitcoin Dominance BTC.D Update In the weekly chart, Bitcoin Dominance is in the bullish territory, as long as weekly candles close above 53.27%. Below 53.27%, the key weekly support, Bitcoin will share the dominance with Altcoins and BTC.D will decline towards 51.37%. A bearish break-out of 51.37% and #Bitcoin Dominance keeping below this level will push BTC.D to 49% resulting in Altseason. Above 53.27%, the probability to move to 55.5% remains high and this move will put pressure on Satoshi price of Altcoins. Daily Chart After finding a support at 50-Day Moving Average and 53% level, the BTC.D daily chart is lingering around 53.5%. A bearish rejection of 53.5% will result in #BitcoinDominance moving to 52.24%, the key daily support. A bullish break-out of 53.5% will place Bitcoin Dominance into the slow momentum area and will increase a likelihood of re-test of 54.5%. Like once read. Thank you!
CRYPTOCAP:BTC.D
by Trade-Lean
Dominance to drop to 35% if it can't reclaim 58%Should Bitcoin Dominance fail to reclaim an old neckline at 57-58%, it will likely drop back down to its recent lows and continue down to make a new ATL just below 35% Presently, Bitcoin dominance may fail to get above 54.09% on the weekly chart, after losing its uptrend and getting stopped 3x. If instead it does get above it, it still has to reclaim the neckline of a double-top that occurred the last time it tapped ~73.6%, and it appears to be facing resistance to that already, several percentage points below that level. It also has never hit an old rising wedge's TP 2, which happens to line up with a 2x measured move down from the aforementioned double-top. This idea is contrary to another post I've made that sees Bitcoin Dominance as long-term bullish, and headed back towards 100%, which I've linked to below and in the related ideas section as well:
CRYPTOCAP:BTC.DShort
by dudebruhwhoa
Bitcoin Hits New Highs on Strong Fundamentals and DemandLatest Report on Bitcoin and Crypto Market Developments Our analysts have closely monitored the immense price action and developments driving performance in the cryptocurrency sector. This report aims to accurately outline relevant factors supporting Bitcoin's ongoing uptrend and the overall bullish sentiment across digital assets. Bitcoin posted a series of new all-time highs versus several global currencies including the Japanese yen, Malaysian ringgit, and others, extending its dominance in cross-border value transfers. Flow data shows exchange inflows reaching November 2021 peaks, underlining robust demand. Among recent announcements, Edward Snowden predicted a country will soon confirm purchasing Bitcoin to back reserves modernly without disclosure. Binance Labs funded a new staking protocol supporting network rewards fromBTC holdings. In the US, Bitcoin ETFs witnessed record $680 million weekly inflows. The BVL exchange in Peru approved crypto ETFs while BlackRock prepares a similar launch in Brazil. South Korean regulators discuss potential approval moves. Trend-defining analysis from Glassnode and Bitwise contends Bitcoin remains in a prolonged bull phase fueled by non-believers closing short positions. Transaction activity and exchange volumes reached November 2021 levels, exposing dwindling supply against persistent buying pressure. MicroStrategy doubled down on its seven-figure BTC bet by signaling staying power. Executives from Blockstream and Bitwise forecast six-figure prices over coming years. Popular predictions cite $100,000 before halving events that could stimulate renewed fomo. Technical metrics mirroring the last rally to near $70,000 reflect an ongoing positive cycle. Short squeezes inherently fuel upside breaks while traders betting against Bitcoin may exit en masse, unleashing buying waves. OTC desks face acute scarcity amid aggressive accumulation. Macro considerations such as inflation hedging also strengthen the long-term investment thesis. ETF permission across emerging economies broadens accessibility. With persistent institutional capital flows and mainstream adoption tools, Bitcoin retains a constructive narrative despite volatility. Our analysis concludes Bitcoin remains on an uptrend against a backdrop of widespread institutional adoption. Let us know if you require any expansion on specifics covered. We maintain a bullish outlook and will continue monitoring price components and on-chain activity closely for the next major move.
by ChartSavant
Get Ready for ALTSEASON 2024🥳📈📉Hi Traders, Investors and Speculators of Charts📈 Bitcoin is undoubtedly on it's way to making a new ATH. But one question is on everyone's mind... wen altseason ? Parabolic rallies often occur across the altcoin market after a steep increase on BTC and when BTC trades sideways and loses dominance (BTC.D). I'm not going to go into too much detail here, as I've already covered the rotation between BTC and Altcoins in another post here: I also called the start of a new bullish cycle here: And then went on to call a few alts early to watch for then coming bull cycle: ARE YOU PREPARED FOR ALTSEASON 2024? If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D COINBASE:BTCUSD BINANCE:BTCUSDT
CRYPTOCAP:BTC.DLong
by CryptoCheck-