BTC Dominance New Update
Market Cap BTC Dominance, % CRYPTOCAP:BTC.D
BTC.D
We are at a critical juncture in Bitcoin's dominance.
A major decline in Bitcoin's dominance has likely already begun. If the green zone is lost, dominance could see a sharp decline, especially since the last wave of this diagonal pattern, Wave G, touched the 0.618 Fibonacci level.
However, there is still a possibility that the green zone could push the price back close to the previous high before we see a decline in dominance. However, there are also indicators that the major decline may have already begun. Follow the chart closely and monitor it closely.
First Target: 65.50%
Second Target: 65.30%
Third Target: 65.15%
To manage risk, don't forget about stop loss and capital management.
source https://www.tradingview.com/chart/BTC.D/xEVlHknP-BTC-Dominance-New-Update/
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