Bitcoin Dominance Breakdown Ahead? Altseason Signals Emerging!
Market Cap BTC Dominance, % CRYPTOCAP:BTC.D
Analysis:
BTC Dominance is showing strong signs of weakness.
After a failed breakout and rejection from the upper boundary of the descending channel, dominance is now testing the short-term ascending trendline (orange).
Losing this level (~59%) could trigger a deeper drop toward 57% and possibly 54.5%.
Main scenario (65% probability):
🔻 Breakdown below 59% → bearish continuation → capital rotation into altcoins.
Alternative scenario (25%):
⚖️ Sideways movement between 59–61% before decision.
Bullish invalidation (10%):
🟢 Daily close above 61.5% → short-term BTC strength continuation.
Momentum and structure both favor downside — altcoins may soon take the lead.
source https://www.tradingview.com/chart/BTC.D/EdXVbNmf-Bitcoin-Dominance-Breakdown-Ahead-Altseason-Signals-Emerging/
No comments:
Post a Comment