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Btcdominance

BTCDOM at the threshold of a strong impulseA very interesting situation is now observed on such a ticker as BINANCE:BTCDOMUSDT.P - bitcoin dominance index released by Binance. It differs from CRYPTOCAP:BTC.D in that it shows bitcoin dominance to the top 20 altcoins. On the weekly chart of BINANCE:BTCDOMUSDT.P there is a very old AMEXP model from June 5, 2023, which essentially describes the entire current uptrend on this index. So within this model there was a target value of 100% level (2625.1), which has been a resistance for 112 days and during this time there were 4 attempts to test it. In case we see a breakout, there may well be a very strong impulse, which will be accompanied by great volatility in the market. What two scenarios could work at this point? 1️⃣ Index growth will be due to the fact that the top 20 altcoins will stand still/fall on the background of INDEX:BTCUSD growth. 2️⃣ Index growth will be due to the fact that the top-20 altcoins will fall faster than INDEX:BTCUSD will fall.
Long
by TSFC
Which direction should Bitcoin Dominance take?#Bitcoin Dominance 1D chart; The white trendline starts from January 2015 and continues to the present day with a peak in January 2021. It managed to rise above the trendline with strong momentum. A decline will surely come, but it is too early for that. So why not now? In order for the decline to begin, the necessary infrastructures must first be formed. One of them is the RSI mismatch. There is no decline at the moment. Pay attention to the levels I have circled in red circles; the first one is a strong resistance level, the other is OB resistance. My opinion is that we can see a rise at least until the OB region.
CRYPTOCAP:BTC.D
by ugurtash
Chart Idea - BTC.DBTC.D is in rising wedge since Nov 2022. It's getting closer to the apex area. 82% rising wedges break towards downside. It seems that BTC will chop around in this after halving period, takes liquidity from both sides, and then will have a parabolic move by Aug-Sept 2024. Once BTC.D reaches the reversal zone range of 56-58%, it should break this rising wedge if not before. It's TP should be 45.7% which is a 0.618 fib level. ALTS should rally hard in the Q4 2024 if this TA works out.
CRYPTOCAP:BTC.D
by smwajeeh
7
#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
2025 Altseason and how we enter Afternoon folks. Hope you’re having a great day, i wanted to share my opinion about the next big Altseason, showing it with some waves . At first I think we’re gonna have a pullback to 50% so the altcoins can breathe a bit . Then we start the first phase of bitcoin gaining and the bull run till we get close enough to 64% , small correction starts there to point 3 and after we start a stronger bitcoin run to the cycle top which lead the dominance to upper 70% . Altseason starts there by dominance bleeding and sharp falling. In other scenario we can go to 60% straight from here in gaining prices of course but mostly for bitcoin and falling from there to point 3 would be the fast correction. Stay safe and see you at the top .
CRYPTOCAP:BTC.D
by mastershark
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
#ALTSEASON is knocking the door! Are you prepared??#BTC Dominance: The Moment We've Been Waiting For. The true alt season begins when ALT/BTC pairs start displaying strength, and I believe we're already seeing signs in several altcoins. I'll be sharing more details soon. The liquidity exiting the market is poised to flow into solid altcoins. You have to be patient, No FOMO! Follow me if you don't yet, and hit the like button if you find my insights helpful. When I start entering the altcoins, you'll be first to know! Be patient. Stay strong folks. #Crypto Do hit the like button if you like it and share your views In the comment section. THANK YOU #PEACE
CRYPTOCAP:BTC.DShort
by Cryptorphic
10
BTC dominance is about to be rejected from the cycle topBTC Price Perspective: As of now, the dominance of Bitcoin (BTC) in the crypto market is quite close to the cycle top at 56%. Based on previous trends and current market observations, I am anticipating this to reach around the 57-58% mark before experiencing a rejection, much like the last two cycles we've seen. In the first cycle, BTC dominance was at its peak around 96%. Following this, it experienced a significant crash to 35% in 2017. Interestingly, it was during this period that BTC hit its all-time high price for that specific cycle. In the subsequent cycle, a similar pattern was observed. The peak dominance for BTC was around 73%, and this was followed by a sharp fall back to 38% in 2021. This was the period when BTC reached a new all-time high. ALT Coin Perspective: Given these patterns and the cyclical nature of the crypto market, we expect to see a similar trend in this current cycle as well. We predict that BTC dominance will touch around 58%, before crashing back to the 40% range in 2025. Furthermore, based on these projections and market analysis, we anticipate that BTC will hit a new all-time high in 2025. This is indeed positive news for altcoins. Historical data shows that whenever BTC dominance takes a hit, the alt season comes into play. Therefore, with the 2025 bull run's alt season yet to start, we believe this presents a favorable opportunity to invest in altcoins. Invest in ALTs now and HODL We encourage you to follow our TradingView account for more such insightful technical analysis updates. Feel free to like our posts, share them with your network, and give us your thoughts in the comments section. Cheers, GreenCrypto
CRYPTOCAP:BTC.DLong
by GreenCryptoTrades
17