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BITCOIN DOMINANCE MONTHLY ANALYSIS 📊
BTC.D is currently trending in a strong upward channel, sitting around 64.90% on the monthly TF.This signals a clear rotation of capital into Bitcoin,likely by increased institutional interest.The dominance is approaching a historically strong resistance zone near 73–75%,marked as the "max pain",which has previously triggered reversals and Altcoin outperformance. The structure remains bullish as long as BTC.D stays within rising channel.
However,the Relative Strength Index (RSI) is now at 72%,entering overbought territory and testing longterm resistance.This suggests momentum might be peaking,and a rejection from the upper resistance zone could lead to a short to midterm Altcoin bounce.If dominance breaks the 67% zone with strong confirmation,it would signal a major shift in market structure favoring Bitcoin,possibly pushing BTC.D toward 75%.Until then,caution is warranted as the market nears a critical decision point.And ALTs Might Outperform BTC.
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BTC.D is currently trending in a strong upward channel, sitting around 64.90% on the monthly TF.This signals a clear rotation of capital into Bitcoin,likely by increased institutional interest.The dominance is approaching a historically strong resistance zone near 73–75%,marked as the "max pain",which has previously triggered reversals and Altcoin outperformance. The structure remains bullish as long as BTC.D stays within rising channel.
However,the Relative Strength Index (RSI) is now at 72%,entering overbought territory and testing longterm resistance.This suggests momentum might be peaking,and a rejection from the upper resistance zone could lead to a short to midterm Altcoin bounce.If dominance breaks the 67% zone with strong confirmation,it would signal a major shift in market structure favoring Bitcoin,possibly pushing BTC.D toward 75%.Until then,caution is warranted as the market nears a critical decision point.And ALTs Might Outperform BTC.
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Forwarded from ITEKCRYPTO VVIP PREMIUM (Membership )
Forwarded from ITEKCRYPTO VVIP PREMIUM (Membership )
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Print money. Day after day. That's our job. And no one is better at it than us.
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