BTC Dominance is currently around 64.82%, sitting at a major multi-year resistance zone (64.5%–66.5%), with strong confluence from Fibonacci extensions, Pivot Points (R1 ~66.5%), and RSI (~67.24, near overbought).
This region has historically triggered reversals, and multiple indicators suggest exhaustion. The chart also projects a potential drop toward 52%, possibly 43–40%, aligning with key support levels and a long-term trendline.
Conclusion: BTC.D looks primed for a pullback, signaling the potential beginning of an altcoin rotation or altseason.
Disclaimer: This analysis is for educational purposes only and is purely speculative. It does not constitute financial advice. Always do your own research.
This region has historically triggered reversals, and multiple indicators suggest exhaustion. The chart also projects a potential drop toward 52%, possibly 43–40%, aligning with key support levels and a long-term trendline.
Conclusion: BTC.D looks primed for a pullback, signaling the potential beginning of an altcoin rotation or altseason.
Disclaimer: This analysis is for educational purposes only and is purely speculative. It does not constitute financial advice. Always do your own research.
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This range appears to be marked at the top of the BTC.D chart with a white-dotted line and references the Fibonacci levels of 0.618 (69.46%) to 0.786 (73.92%), forming a major resistance zone.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.