$BTC.D Near 60% - Cue Altseason?Bitcoin Dominance continues to rip nearing its target of 60%
You can see the 2 major trendlines about to converge, similar to what we saw in March 2020 which was followed by more rate cuts.
We could expect CRYPTOCAP:BTC.D to break trend, and fall under the 50WMA, cueing a short-term Alt season, and then Bitcoin stealing the show again with more institutional buying on the horizon.
This could bring one last shakeout to the Altcoin market, before BTC.D completely falls off a cliff and the entire market goes parabolic.
Btcdominance
USDT.DOMINANCE UPDATE !! USDT dominance shows that the breakdown from the ascending channel pattern is being confirmed as the 100-day moving average remains below both. This indicates bearish momentum in USDT dominance, which often inversely correlates with the broader crypto market.
USDT dominance has successfully broken out of the ascending channel pattern and is staying below key support levels, strengthening the potential for further declines.
The 50-day and 100-day moving averages are acting as resistance barriers, suggesting that bearish momentum may continue to push prices lower.
A continued decrease in USDT dominance is usually a bullish signal for the crypto market, as funds may flow from stablecoins like USDT to other cryptocurrencies.
USDT dominance continues to decline and fails to rise above key resistance levels, it could signal a shift in market sentiment towards a more bullish trend for the broader crypto market. This chart update should be closely monitored as it could have significant implications for potential price movements across various crypto assets.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
BTC Dominance Analysis📌 Trading Instrument: 📌
🔶 BTC Dominance (BTC.D) 🔶
📝 Detailed Market Overview: 📝
Bitcoin Dominance has reached an extremely bullish zone, nearing parabolic levels. Historically, such parabolic moves are often followed by a strong and fast correction. Currently, BTC.D is showing signs of bearish divergence, making it difficult to invalidate this signal. Additionally, BTC.D is around the 0.61-0.65 Fibonacci retracement level, a critical resistance zone.
Over the next 2-3 weeks, I anticipate a breakdown in BTC dominance. A confirmation of this will come if BTC.D breaks below the green diagonal support trendline, which has supported this uptrend for over 700 days.
Upon breaking this support, a retest of the previous key resistance, which is now expected to act as support, will likely occur around the 47-48% dominance level. This zone has not been retested since the breakout, and it aligns with the 0.5 Fibonacci retracement level. If BTC.D moves a bit higher before the rejection, this key level would coincide with the 0.61-0.65 Fibonacci zone, often referred to as the golden pocket, making it a high-probability reversal zone.
Following this correction, I expect BTC dominance to resume its upward momentum, targeting a minimum of 79-80% dominance in the longer term.
🔍 Key Signals:
Bearish divergence on multiple timeframes.
Proximity to the 0.61-0.65 Fibonacci retracement level.
A potential breakdown of the 700-day diagonal support.
🎯 Bearish Target:
47-48% dominance (retest of key support)
🚀 Bullish Outlook After Rejection:
A strong reversal after testing support could propel BTC dominance to 79-80% in the long run.
⚠️ Confirmation Needed:
Watch for a break below the green diagonal trendline to confirm the top and initiate the bearish retracement.
🚨 Disclaimer:
This is not financial advice. Always conduct your own research and trade responsibly. Markets are highly volatile, and you should only invest money you are prepared to lose.
What's next - the Altseason or the strong growth of the $BTC? 💶 What's next - the Altseason or the strong growth of the CRYPTOCAP:BTC ? $ CRYPTOCAP:BTC.D thought about it.
Even though CRYPTOCAP:BTC is currently going down, there is no doubt that CRYPTOCAP:BTC will make a new high soon. Perhaps this correction phase will end this month.
Next, November 5, another election in the USA, And... Growth?
I think so, but we will soon see how it will be.
And as for Altcoins, what about them?
Here, everything is not so clear. CRYPTOCAP:BTC.D does not want to go below 57%, which means a higher hike, up to 69%, is possible.
This was the case in 2020 when the last US presidential election was held.
History tends to repeat itself.
We don't know how it will be this time, but we can safely say that if so, the altseason will be postponed until the new year. The time has come for CRYPTOCAP:BTC
And what do you think about it?
BTC.D based on 1d chartHey Traders!
We're approaching a crucial moment for BTC dominance as it hovers around a key resistance zone. I'm anticipating a potential breakdown, with the possibility of it revisiting the low of February.
Stay sharp and make the most of the market opportunities ahead!
Happy Trading!
Bitcoin Dominance Chart Update !!The Bitcoin Dominance Weekly Chart presents a comprehensive long-term view of BTC dominance.
Bitcoin dominance is moving within a long-term rising channel. The upper and lower trendlines of the channel have been tested multiple times, indicating a well-respected structure.
BTC dominance is approaching a key resistance zone between 57-58%. This zone has acted as both support and resistance in the past, as highlighted by the yellow box.
The recent upward momentum suggests a potential challenge of this resistance zone, but failure to break above it could lead to a reversal.
If BTC dominance is rejected from this resistance, it could start trending downwards within the channel, potentially retesting lower levels around 40-45% (as indicated by the red dotted line).
A decline in BTC dominance could signal strength in altcoins, as capital may flow from BTC to other cryptocurrencies.
If Bitcoin dominance breaks above the 58% resistance zone, we could see further gains up to the next major resistance near 64-65%, as suggested by the green dotted line.
This breakout would signify BTC outperforming other cryptocurrencies, potentially signaling market consolidation around Bitcoin.
This weekly chart is critical for understanding broader crypto market movements, as BTC dominance plays a key role in determining capital flows between Bitcoin and altcoins.
Would you like any further details or adjustments to this analysis?
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other altcoin.
@Peter_CSAdmin
USDTD important to whole crypto market ‼️ ❣️Already we are seeing present CRYPTOCAP:BTC.D is dumping with BITSTAMP:BTCUSD
Sign they money 💰 is going out 😬
Is really big player going out 😬 ??? Or manipulation before big players in 🟡📌
To get know only metric index we have CRYPTOCAP:USDT.D
above red ♥️ box day close 📌 whole market dump comfirm 👍
BINANCE:BTCUSDT won't go new low 🔅 instead test FWB:25K below 📍 ALTS will make new low 🔅
Below yellow 🟡 box day close 📌 present dump is nothing but manipulation ⚡
BITSTAMP:BTCUSD pump & CRYPTOCAP:BTC.D is important role for alts then
If USDTD reach 9% just BUY #BTC
If USDTD reach below yellow 💛 box meanwhile BTCD also dumping buy alts if pump 📌 sell alts
Understand index with market is very important ☺️
I already made CRYPTOCAP:BTC.D chart 📉 analysis ⏰ when to buy alts once I got cleared view i will update under that post ⁉️ this CRYPTOCAP:USDT.D is important only for BITSTAMP:BTCUSD
BTC DOMINANCE / BTC.DI think #BTC.D is done>>
Good Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
BTC.D is going where I thoughtTHere isn't much to say beside BTC dominance is going up to that resistance between 60% and 62% as I anticipated many months ago. It's likely we'll still have some bleeding for altcoins but as soon as BTC.D will reach that level I expect it to range close there after a rejection and follow the scheme you can see here
Just keep buying what you like, altseason is close!
Good luck!
BTCD / BTC DOMINANCEBTC Dominance (BTCD) Analysis: Weekly Timeframe 📊
The chart displays Bitcoin’s dominance (BTCD) on a weekly timeframe, marking significant dates for potential opportunities.
🟢 September 16, 2024 - Buy Date (Green Line):
This line indicates a potential local bottom in Bitcoin dominance, suggesting an opportunity to accumulate BTC or Bitcoin-dominant assets as dominance may increase.
🟢 October 7, 2024 - Buy Date (Green Line):
Another local bottom is forecasted for this date, offering another entry point to increase Bitcoin-related positions as dominance is expected to rise after this period.
🟢 January 13, 2025 - Buy Date (Green Line):
A significant bottom in BTC dominance is expected around this date, making it a favorable time to enter long positions in BTC as dominance may rise moving forward.
🟢 February 10, 2025 - Buy Date (Green Line):
This date marks another forecasted low in BTC dominance, which could be another ideal opportunity to accumulate long positions.
🟢 March 24, 2025 - Buy Date (Green Line):
A potential local bottom around this time offers another chance to enter Bitcoin dominance-related positions before a forecasted increase.
🕒 Note: All times are based on Los Angeles time (UTC -7). Cross-reference this analysis with higher timeframes and always account for a potential 1-2 candle margin of error.
BTC.DAnalysis for BTC.D (Bitcoin Dominance): Weekly Timeframe 📊
The chart highlights the market cap dominance of Bitcoin (BTC.D) on a weekly timeframe. Several important points are marked, including projected levels for Bitcoin dominance and significant forecast dates:
🟢 October 7, 2024 - Buy Date (Green Line):
This marks a local bottom, suggesting a potential opportunity for Bitcoin to experience a decrease in dominance. This could indicate the start of favorable conditions for altcoins, as investors might rotate into altcoins while Bitcoin consolidates or trends downward.
🟢 February 10, 2025 - Buy Date (Green Line):
This date highlights another expected local low in Bitcoin dominance. If Bitcoin’s dominance declines around this time, altcoins might outperform, leading to potential opportunities in the altcoin market.
Expected Level for Major Altcoin Season:
The horizontal lines and red markers indicate the anticipated level of Bitcoin dominance required for an incredible altcoin season to occur. When Bitcoin dominance reaches the circled area, it could be an optimal time for altcoins to rally, as money may flow out of Bitcoin and into the broader cryptocurrency market.
Note:
All times are based on Los Angeles time (UTC -7). A small margin of error of 1-2 candles is possible depending on the timeframe.
Where is Bitcoin Dominance headed?CRYPTOCAP:BTC.D 1W chart;
Bitcoin Dominance has been moving horizontally at the same level for 3 weeks.
Let's not forget that the chart is weekly.
Although I think it will most likely return from the 58.25% level , I also stated that it may be better to go down after at least testing the 62.52% level above. The reason is that this will be very useful in the next bull cycle.
Considering the immediate level, it will start a downtrend with a close below the level indicated as +OB .
The noteworthy point here is the orange circle; the Golden Cross formed by the combination of 50EMA and 200EMA . This is a bullish sign.
However
After such a deep and prolonged decline, it would not be right to expect the chart to change direction and rise with the first Golden Cross . For this reason, I should mention that the level around 47% is important.
If the 47% level does not break sharply downwards, it may use this as support and start rising. If it breaks, we may see a decline up to 40%.
BTC.D Mid TermWe are observing a BTC dominance move that will indicate the anticipated altcoin rallies in the next 3-4 months.
This move could signal a significant rally in the altcoin market and pave the way for substantial gains in altcoins.
A drop in dominance can be seen as a positive signal for altcoins.
Market Cap BTC dominanceMy last idea about BTC dominance played out exactly as expected. Now, many people are worried about their investments in altcoins; all they see are red candles, which is understandable since dominance has been increasing this whole time. Currently, it stands at 57.5%. The final target is 60%, which aligns with the 0.618 Fibonacci level and a major global order block. We also see a weekly MACD divergence.
During the last capitulation, the fear index hit 17, and many people sold their altcoins. However, I noticed significant buying volumes across all crypto market assets. The waves are primed to pump all of these. My global target is 32% dominance.
Bitcoin Dominance Update: Potential Market Dump!The Bitcoin Dominance chart has just reached a key resistance level, which is expected to trigger a rejection and initiate alt-season. However, given the market's volatility and technical structure, another short-term bearish scenario is also anticipated. In this scenario, BTC dominance could spike up to 67% over the next two months, potentially until November-December 2024. On the other hand, if the resistance level is rejected, we can expect a market pump accompanied by a strong alt-season. DYOR
BTC.D Chart Idea - ALT Season Coming?BTC.D already broken the rising wedge in May/June this year and now retested strong weekly resistance at 57.17% in the first week of Aug this year when global markets went down. IMO, it was a capitulation event for this year before the next big leg up in all assets. A lot of people are concerned and asking about the ALT season this bull market. I believe this market is doing the same as it did back in the previous cycles. Once the BTC.D starts going down, you will see crazy pumps 50-100x pumps in low caps, 10-20x in mid caps, and 4-5x in higher cap coins. IMO, we will see the ALT season very soon and it can start as early as the first of week of Sept or can even further take 3-4 week, but we are just right there. Hang on to your coins guys if you had bought in the bear market.
NOT A FINANCIAL ADVICE. DYOR!
Altcoin Season on the Horizon? Here's 6 Reasons to Watch CloselyAltcoin season might be around the corner, and here’s why:
BTC Dominance Facing Heavy Resistance:
The BTC Dominance chart is encountering several significant resistance lines, a signal that often precedes a shift in favor of altcoins.
Overbought Stochastic Indicator: The stochastic indicator on BTC.D is extremely overbought, suggesting a potential turning point.
Altcoins Leading MA line Retracements:
Like my previous analysis suggests, altcoins have recently been leading retracements to key moving averages (20MA, 50MA, and now the 200MA), with BTC following weeks behind. This suggests that altcoins could be leading the rebound rally and bullish continuation aswell since the BTC.D could turn to the downside.
Volume Patterns: There’s noticeable accumulation in altcoins, reflected in increased volume, which could indicate upcoming price movements.
Bearish Engulfing Candle: A bearish engulfing candle has formed on the BTC chart, which historically has a 79% success rate of indicating a trend reversal to a downward trend. This could mean further downside for BTC.dominance, potentially shifting attention and capital to altcoins.
Positive Sentiment and Development: Many altcoins have seen significant positive developments and upgrades in their ecosystems lately, leading to renewed investor confidence and potential inflows as these projects gain traction.
Personally I've sold 50% of my BTC. Currently sitting on some cash if we fall towards 44k$ area then I'll relocate my BTC money into altcoins.
Thanks for reading, good luck trading and make sure to follow me on X for weekly updates!
@PuppyNakamoto
CRYPTOCAP:BTC.D CRYPTOCAP:OTHERS
Bitcoin Dominance Set to Drop. Altcoins Poised for a Breakout?📉✨ Bitcoin Dominance Set to Drop? Altcoins Poised for a Breakout 🚀💎
1️⃣ Bitcoin Dominance Outlook:
While Bitcoin's dominance has been on the rise, we may be nearing a turning point. If dominance breaks down from this channel, it could signal a big opportunity for altcoins to shine. 🌟 This could be the start of a new altcoin rally! Keep your eyes on key levels as this unfolds. 📊
2️⃣ Bitcoin Supply Milestone: 🟡 94% of the total Bitcoin supply has now been issued. With only a small fraction left to be mined, scarcity will increasingly influence Bitcoin’s value. However, this could also boost confidence in altcoins as traders look for the next big opportunity. 🔄
3️⃣ Time for China to Lift Bitcoin Ban? 🌏 Rumors are spreading that China might reverse its Bitcoin ban. This would likely have a major impact on the market, driving both BTC and altcoins upward. A bullish outcome here could inject fresh momentum into altcoins. 🐂🚀 just rumors and anyways Chinese do carry crypto anyways...
4️⃣ Liquidation Warnings: Despite potential short-term volatility from liquidations, a drop in Bitcoin dominance could shift the spotlight to altcoins. If you're positioned in alts, this could be a moment to watch closely! 🔥 (think spot going forward?)
5️⃣ FED Speakers and Macro Impact: Goldman Sachs lowering the US recession risk and key FED speakers this week could impact market sentiment. Watch for potential shifts that could favor altcoins over Bitcoin in the short term. 💼📊
📌 Get ready! A potential drop in Bitcoin dominance could be the signal we've been waiting for to see altcoins take off. Stay sharp, and protect your positions!
Relevant News:
🔗 Goldman Lowers US Recession Risk: What It Means for Bitcoin
🔗 Bitcoin Dominance and Altcoin Season
One Love,
The FXPROFESSOR 💙
Understanding Bitcoin DominanceHello, Traders!
Have you ever wondered what Bitcoin Dominance (BTC. D) means? It’s not about Bitcoin ruling the world, but it's close! BTC. D is a measure of Bitcoin’s market capitalization relative to the total market capitalization of all digital assets. In simple terms, it's Bitcoin's share of the entire crypto market’s value.
Historical Context
When Bitcoin launched in 2009, it was the only digital currency around, so naturally, it made up 100% of the crypto market. But things started to change. By 2013, the first wave of alternative coins (altcoins) hit the scene, shaking things up. Then came Ethereum in 2015, introducing Ether (ETH), Bitcoin’s closest rival. The big shakeup happened in 2017 with the Initial Coin Offering (ICO) boom, which saw Bitcoin’s dominance drop to an all-time low, only to rebound shortly after.
And why should you bother about BTC Dominance? Well, it is an important indicator of market direction. If BTC. D is high, which usually means investors are playing it safe and sticking with the tried-and-true king of crypto. A drop in dominance often signals that investors are exploring altcoins, which can indicate a 🐂 market phase. Essentially, understanding BTC Dominance helps traders gauge the market's risk appetite and make informed decisions.
The Rise of Altcoins
The Altcoin Era started seriously in 2011. That said, Bitcoin did not lose its grip despite numerous entrants and kept around 95% of the dominance. However, the tide began to turn in 2015 with the introduction of Ethereum. But until the ICO frenzy of 2017, which was characterized by many new projects coming up, hence highly diluting its market share, Bitcoin stayed dominant for years on end.
The ICO Boom and Crypto Winter
The ICO boom from 2017 to 2018 brought thousands of new tokens and billions in investment, causing Bitcoin Dominance to plummet to around 37% in early 2018. However, many ICO projects lacked fundamentals, leading to a market crash known as the “Crypto Winter.” This period saw a significant decline in altcoin values and a recovery in Bitcoin Dominance, which climbed back above 50% by the end of 2018.
Bitcoin’s Resurgence and the COVID-19 Market
In 2019, Bitcoin saw a slight price recovery, peaking at 70% dominance in September. The onset of the COVID-19 pandemic in 2020 triggered a massive 🐂 run in the crypto market. Bitcoin Dominance hit 72% in January 2021, only to fall to 42% by mid-2021 as altcoins gained popularity. COVID-19 saw many people turn to day trading and investing, with significant funds flowing into crypto markets, including altcoins.
Recent Trends and the Future
So, Bitcoin Dominance has struggled to climb back over 50% in recent years (2021-2024). Cryptocurrencies like Ethereum, for example, are no longer just alternatives — they’re strong contenders. Each brings something unique to the table, whether it’s smart contracts, lower transaction fees, or faster transaction times. Investors are no longer putting all their eggs in one basket, either. Technological advancements are another game-changer. Many altcoins are adopting advanced technologies and consensus mechanisms that make Bitcoin’s Proof-of-Work model look a bit outdated. Think about Ethereum’s transition to Proof-of-Stake and its new Layer 2 solutions.
Thoughts?
So, maybe it’s not just about Bitcoin anymore? The entire cryptocurrency industry is evolving, with altcoins carving out significant niches and attracting massive investment. The growth of the altcoin market has undoubtedly eaten into Bitcoin’s market share, but Bitcoin remains the leader in terms of market cap.
Many investors still see Bitcoin as “digital gold” due to its finite supply. However, history has shown that being first doesn't guarantee perpetual dominance. Whether another cryptocurrency will rise to challenge Bitcoin’s top spot remains to be seen.
As we continue to watch the crypto market evolve, remember that every piece of information can be valuable. DYOR. As the saying goes, “The time spent gathering information is never wasted?”
BTC Dominance📊 BTC Dominance: Key Dates Ahead 🚨
Bitcoin's dominance is approaching critical levels. We're watching for significant movements around October 7, 2024 and November 3, 2025. These dates could mark key turning points for BTC dominance, impacting the broader crypto market.
If BTC dominance drops to around 40%, it could trigger a colossal altcoin season, presenting massive opportunities for altcoin investments.
#Bitcoin #BTC #Crypto #BTCdominance #MarketAnalysis #AltSeason
XRP gaining dominance after lawsuit victory!Welcome back to another analysis, where we dive into the latest market trends and chart the potential paths ahead!
Today, I examined the XRP Dominance chart. The chart reveals that we've broken out of a falling wedge resistance and have since retraced to retest the former resistance line as support. Additionally, a double bottom pattern has formed, accompanied by a bullish engulfing candle on the weekly chart, right at the base support line and the previous falling wedge resistance.
Notably, the volume data shows an interesting trend: XRP has seen more inflow volume than outflow, indicating potential accumulation by both retail investors and institutions.
We are currently facing additional resistance, but if we manage to break through and establish a bullish trend on the XRP Dominance chart, key resistance levels to watch will be around 3%, 4%, and 6% dominance. Historically, XRP once held 30% market dominance, and I believe this project has the strength to reach that level in the long term.
Turning to the BTC Dominance chart, it is also encountering significant resistance, suggesting a potential turning point where altcoins may outperform Bitcoin in the coming period.
Thank you for reading, and be sure to follow for more in-depth analysis like this!
For additional insights, I also share free weekly updates on X: @PuppyNakamoto.
CRYPTO:XRPUSD COINBASE:XRPUSD BINANCE:XRPUSD BITSTAMP:XRPUSD BINANCE:XRPUSDT CRYPTOCAP:XRP.D