Bitcoin Dominance showing us things ARE Very Different this time
There are so many things that ARE the same as previous cycles, to date.
And we have seemingly begun a draw down and even I am seeing possible similarities to the post 2021 ATH draw down.
But Bitcoin Dominance shows us a Glaring difference.
The chart above shows us the BTC.D PA and the Bitcoin Halving dates to ATH in Blue Boxes at the Top of chart
We have the ATH to ATH day count at the bottom of the Chart in blue Boxes.
Also At the Bottom of the Chart, in Yellow and orange boxes, we have the % draw down in BTC.D from the Halving date to the ATH
To the 2017 ATH after halving, we saw a -61.17% DROP in Bitcoin Dominance.
To the 2021ATH after halving, we saw a -42,53% DROP in Bitcoin Dominance.
From the Halving in April 2024 to the current ATH, we have a GAIN in BTC.D of 9.21%
The fact thaat Vitcoin is holding Dominance in the market is so incredably BULLISH and does lead to the possibility that the 4 year cucle has ended and we may well be entering a Super cycle.
We will not know if this has happened for a while.....But I am watching the Ascending channel closely on the Bitcoin charts.
New days maybe ahead
source https://www.tradingview.com/chart/BTC.D/eCWctsGW-Bitcoin-Dominance-showing-us-things-ARE-Very-Different-this-time/
No comments:
Post a Comment