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Market Cap BTC Dominance, %
Oct 16, 2024
Bitcoin Dominance BTC.D Pushing Higher Toward 60% Level
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Finally some strong moves in money flow into Bitcoin.
We can see the Bitcoin Dominance BTC.D Pushing Higher Toward 60% Level.
This is a strong signal that money is flowing into Bitcoin, likely from BTC ETF's.
The biggest thing holding it back in my opinion is the DXY has been pushing higher also, but is at a resistance level, and will likely drop from here.
So we're likely close to a rally in Bitcoin, but I think we'll see a few days of retracement 1st.
Nice looking upward trajectory on BTC.D here.
BrettFogle
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25-year investor & trader, bought 1st BTC at $20
More information:
Moonstream Crypto:
moonstream.io
M3 Active Trader:
Moonstream.io/M3
Trading Signals:
CryptoMastery.org/pro
Work With Me 1:1
moonstreamcoaching.com
Also on:
bitcoindominance
bitcoindominanceupdate
bitcoinprice
Chart Patterns
dominancetrends
Technical Indicators
Trend Analysis
BrettFogle
Follow
25-year investor & trader, bought 1st BTC at $20
More information:
Moonstream Crypto:
moonstream.io
M3 Active Trader:
Moonstream.io/M3
Trading Signals:
CryptoMastery.org/pro
Work With Me 1:1
moonstreamcoaching.com
Also on:
Related publications
BTC & Crypto Market Forecast. 4 Yr Cycle Top and Elliot Waves
by BrettFogle
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