BTC.D at a Critical Juncture – Will Altcoins Take the Spotlight?

2 Feb

BTC.D
The BTC Dominance (BTC.D) chart is at a critical juncture. Here's my analysis:


1️⃣ Key Resistance Area: The dominance has approached a significant resistance trendline. This zone is crucial, as it has historically acted as a turning point.


2️⃣ Potential Pullback: In my opinion, this could be the last pullback before BTC.D resumes its downtrend. If this scenario plays out, it could signal the start of the long-awaited altseason.


3️⃣ Break Confirmation: Keep an eye on the lower support level highlighted on the chart. A clean break below this level (more secure than the previous one) would confirm bearish momentum and strengthen the case for a further decline.


4️⃣ Targets: The first target is around 50.81%, with potential for deeper declines if momentum continues.

💡 Key Takeaway: This analysis suggests that BTC dominance is showing signs of weakening. If the support breaks, altcoins could gain significant market share. Watch these levels closely and prepare for opportunities in the altcoin market.


What do you think? Do you agree with this outlook, or do you see BTC.D holding its dominance longer? Feel free to share your thoughts below!

#Crypto #BTC.D #Altseason

30 Mac

Nota

Bitcoin Dominance (BTC.D) is nearing a critical resistance zone. In my previous analysis, I highlighted potential reversal points, and so far, price action has respected those levels. The 65.48% and 63.44% regions remain crucial—any move beyond the current price is considered extra.

A confirmed rejection here could indicate a shift in market dynamics, favoring altcoins in the coming weeks. However, it’s essential to monitor this zone carefully, as a breakout above resistance could delay the altseason narrative.

Let’s see how BTC.D reacts in the next few weeks!

Best regards,

30 Mac

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