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Bitcoin Dominance Update: Potential Market Dump!The Bitcoin Dominance chart has just reached a key resistance level, which is expected to trigger a rejection and initiate alt-season. However, given the market's volatility and technical structure, another short-term bearish scenario is also anticipated. In this scenario, BTC dominance could spike up to 67% over the next two months, potentially until November-December 2024. On the other hand, if the resistance level is rejected, we can expect a market pump accompanied by a strong alt-season. DYOR
CRYPTOCAP:BTC.D
by farhadnmd
BTC Dominance📊 BTC Dominance: Key Dates Ahead 🚨 Bitcoin's dominance is approaching critical levels. We're watching for significant movements around October 7, 2024 and November 3, 2025. These dates could mark key turning points for BTC dominance, impacting the broader crypto market. If BTC dominance drops to around 40%, it could trigger a colossal altcoin season, presenting massive opportunities for altcoin investments. #Bitcoin #BTC #Crypto #BTCdominance #MarketAnalysis #AltSeason
CRYPTOCAP:BTC.DShort
by trushkovskiy
Is #Bitcoin Dominance falling down?#Bitcoin Dominance 1W chart; I would like to start by telling you that I have some good news As I mentioned in the previous chart, 58.25% and then the OB resistance level of 62% are important. I think it will have much more positive effects if it reaches 62% because it will weaken the resistance at this level. This is the level that will help us in the next bull cycle. That's why I care about it. Now for the good news... As can be seen on the weekly chart, the RSI seems to have begun to mismatch. After a fake out to the resistance level at 58.25%, I think that it will ease down for the initial target of the pattern. After the 50% level is seen, I expect it to start a rise again and to turn its direction down as it tests the OB level, which is the second resistance while completing this pattern.
CRYPTOCAP:BTC.DShort
by ugurtash
BULLISH Altcoins NOW: Final SHAKEOUT CompilationWe're seeing what could be the final shakeout across the entire altcoin market. This drain of liquidity will likely go into Bitcoin to propel the next impulse wave up, after which the money rotates BACK into alts for Altseason2.0. We're spotting multiple bottom patterns across the altcoin markets such as inverse head and shoulders and W-bottom patterns. 1) FLOW 2) RNDR 3) SOLANA 4) LINK 5) ETH __________________________________ I'll keep adding to the list over the next few days as there are MANY more. FOLLOW for alerts!
Long
by CryptoCheck-
4
Bitcoin All Time High NOT PRICED IN YETFor weeks now, I've been talking about why the all time high for Bitcoin is NOT YET in. (Proof here) Here are the main reasons why. 👉 Elliot Wave Theory I've been discussing EWT for many weeks alongside with the bearish M-Pattern that marked the beginning of the corrective wave (3-4). Once the corrective wave finishes, which I expected to be a multi-month playout, the final impulse wave up awaits us (4-5). 👉 Bitcoin-Dominance Increasing & ALTS Bottom Considering MANY alts have seen bottom patterns after corrections (as discussed in the video), its safe to say the dump is over. But BTC.D is still increasing... If you want to further understand WHY this is a good sign, see HERE: _____________________________ KUCOIN:BTCUSDT CRYPTOCAP:TOTAL3
Long
by CryptoCheck-
BTC.D looking to decrease -> Altcoin Run until the end of 2024- Yearly range provided a reversal point with a clean market strcuture shift to the uspide, which price bounced off from to the 50% of the range. In range trading we call this take profit nr 1. - Price now usually bounces off a bit from the 50% (which price is currently at) into a FVG (marked in blue) / support level targetting the high of the range. With the expectation to drop into the fvg, altcoins should witness a push to the upside until the end of the year 2024. Afterwards we are expecting a rapid upmove of BTC.D to target 2 until the year of 2027, which would result in altcoins bleeding out. This idea gives us a great confluence with the TOTAL3 chart analysis, which we published before. You should have a look at this as well. (www.tradingview.com)
CRYPTOCAP:BTC.D
by SerenityEquity
#BTCDOMUSDT #1D (Binance Futures) Ascending trendline breakdownBitcoin Dominance is pulling back towards 50MA resistance on daily, seems likely to get rejected next. ⚡️⚡️ #BTCDOM/USDT ⚡️⚡️ Exchanges: Binance Futures Signal Type: Regular (Short) Leverage: Isolated (6.0X) Amount: 6.0% Current Price: 2374.2 Entry Targets: 1) 2411.5 Take-Profit Targets: 1) 2010.3 Stop Targets: 1) 2612.6 Published By: @Zblaba BINANCE:BTCDOMUSDT.P CRYPTOCAP:BTC.D #Bitcoin #Dominance #Index Risk/Reward= 1:2.0 Expected Profit= +99.8% Possible Loss= -50.0%
Short
by TradingOn
Bitcoin Dominance UpdateBTC.D was rejected from the channel's trend line and consolidated above the 55% zone (blue). It then broke down and found support at the 54% zone (green).  If BTC.D falls below this 54% support, it could drop to the 53% zone (yellow), which would be positive for altcoins, as a lower BTC dominance usually benefits them.  However, if BTC.D bounced back from the 54% zone back to the 55% zone, it would be very bad for altcoins, as previously BTC.D bounced many times from this zone. Increase in dominance causing further declines in the altcoin market.
CRYPTOCAP:BTC.D
by TheCryptoCity
Golden Cross Re-test - Brief / Strong AltseasonAlternative idea for Bitcoin Dominance. Small rising wedge breakdown on the weekly that began forming at the start of a Golden Cross of the weekly 20/100 and 50/200 MAs (and EMAs, not pictured) Often after golden crosses, before the real bull run there is a strong re-test. A re-test of the 100 and 200 weekly MA over the next month or so would target the exact same TP 2 as the rising wedge breakdown, around 49%. 49% also sits at the wick high of weekly support. I see the possibility of a sharp drop down to ~49%, and if that level holds, a sharp rise up. This could mean altseason is right around the corner, but could also mean it gets cut short around end of July or in the fall. For a a different outlook considering a longer altseason and a sharper drop in dominance, see this other related idea: For a short-term bearish then bullish outlook on Bitcoin Dominacne, see here:
CRYPTOCAP:BTC.D
by dudebruhwhoa
BTC DOMINANCE WEEKLY SHIFT.. a SIGN of upcoming Crypto PUMPS?!I've been tracking btcdominance' weekly data and it looks like a major shift is starting to transpire. Shorters seems to have found their peaks -- and altcoin bulls may take over anytime now. Double top has been created -- and a strong order block resistance is being met with rejection. Expect reversal to the downside from here on for BTCDOM (expect altcoins/overall crypto market to dominate the upside region again) spotted at 1594 (target: extended downtrend) ------------------------- On crypto market, a coin dominance is a ratio of its market cap to cumulative market cap of cryptocurrencies. It's a great way to see how big a coin is relative to the whole crypto market — the value of everything is in comparison. It's calculated by dividing a coin market cap by the overall market cap of the top 125 coins and then multiplying it by 100. It's only when Bitcoin's dominance increases while Bitcoin's price is stable or when Bitcoin's dominance decreases, and its price also decreases that the prices of altcoins remain rather stable. When Bitcoin's dominance increases, altcoins usually lose market share and therefore value vis-à-vis Bitcoin.
Short
by JSAL
Bitcoin Dominance Technical AnalysisCurrently, Bitcoin Dominance (BTC.D) retesting the channel trend line after a breakdown from it and bounced back from the support zone (Green) at 53.69% - 54.39%. BTC.D was moving in an ascending channel from august 2022 till May 2024. Due to the upward movement of BTC.D after making support from green zone to ascending channel trend line the alt market is heavily bleeding. That is why we always say every time you take a trade use stop loss because this market is very volatile. If Bitcoin Dominance rejects from the channel and breaks down from the green zone we will see massive gains in the price of alt’s market and if it do inverse and did not break the zone in green moves upwards and breaks into the channel that will be a bad dream for the alt’s. According to our analysis, we could see BTC.D pull back from here and we will see it moving towards the next levels and massive pumps in alt coins price. Overall, we understand that BTC.D is currently in a bullish momentum. It is retesting the channel trend line and has rebounded upward from the support zone, indicating a bullish sign. However, if it breaks down from the support zone, it could shift to a bearish momentum.
CRYPTOCAP:BTC.D
by TheCryptoCity
A disappointing #Altcoin season? Maybe! OTHERS.d/BTC.dMaking gains in #Crypto has gotten harder and harder with each passing cycle for the vast majority of participants. That is an unquestionable truth that I see and hear from people. #Bitcoin itself is in it's 4th Hype cycle... which is bearish 2013 Mt Gox ponzi cycle top/collapse 2017 Eth/ICO craze, CME futures. CNBC XRP shill top. 2021 Uniswap/DEFI innovation , Elon doge /Coinbase IPO top. 2024/5 Memecoins craze --- topping signals are already appearing Andrew Tate / Iggy Azalea at NYSE. A Trump Election Win could be the final nail in the coffin whilst ppl celebrate the news and January 2025 Inauguration may seal crypto's fate. The left translated 4 year cycle is a definite possibility as made popular by #BobLoukas We know that retail investors are rejecting High valued VC backed projects and rather take high risk gambles on #Memecoins for a chance to be early... this is not bullish behaviour obviously! As only a tiny percentage of people can win at that game and often it is not YOU! Once that speculative capital & energy is rinsed many people will be left holding a worthless bag of tokens. #Leverage trading destroys many people's lives And a digital store of value whilst has obviously it's merits is unlikely to flip #Gold in marketcap imho It cannot compete with a 5000 year history of storing wealth for generation to generation. I can bury Gold coins in my garden and dig them up in 50 years knowing full well that they will have value. Would you do that with a trezor? Lol. So what do we do ... try to take advantage of the next 6 months and rotate S coin profits into #Stablecoins and maybe a small allocation to #PAXG #XAUT (buyer beware on those gold backed #RWA coins obviously) This should buy you enough time, to let you assess the fallout of any top that may occur this Christmas/new year. Remember many people and especially the Bitcoin community will be partying and celebrating the 15 year journey of a $100k plus BTC. You must avoid being sucked into that hype and cash in a good chunk of your crypto portfolio IMO This is just a scenario I give to you ... and not a prediction ofc. We are trying to predict the future irrational behaviour of humans, an almost impossible task. But as the wall St cheat sheet demonstrates speculative bubbles, generally do repeat often enough for us to try and capture profits from them. So we watch and wait, place our bets and see where the chips may fall, one foot in and one foot out is my general kind of viewpoint of how most people should be thinking at this stage of the cycle.
CRYPTOCAP:OTHERS.D
by BallaJi
BITCOIN: Is a MASSIVE BULL RUN in the Making?
This chart tracks Bitcoin's market dominance, starting from 2018. I've spotted some similarities to the current market situation, hinting a potential massive bull run for BTCUSD. Accumulation Phase (2018-2019): Investors were gradually accumulating Bitcoin, setting the stage for future gains. Bullish Phase (2019-2021): Bitcoin's market dominance increased sharply, indicating strong investor confidence and interest. Bearish Phase (2021-2023): Bitcoin's dominance declined as other cryptocurrencies gained market share, reflecting a broader interest in the crypto market. Current Bullish Phase (2023-Present): Bitcoin dominance is rising again, suggesting renewed investor confidence and the potential for a massive bull run. We are currently at 55.53% dominance, with projections showing the possibility of reaching new all-time highs above 70%. What are your thoughts on this? Feel free to comment and boost this idea if you agree. Cheers, Ares
CRYPTOCAP:BTC.DLong
by Anton_XBT
1