BTC.D: Will Bitcoin Dominance Rise Again?
As we can see on the chart, since May 2021, BTC dominance has fluctuated between 39% - 48%.
BTC dominance is now at the support zone again with bullish divergence building up on the daily time frame.
Based on what I'm seeing, I think there is a good chance that it could bounce off of this zone, although if Ethereum continues to lead the market then the support zone can break down.
BTC dominance is now at the support zone again with bullish divergence building up on the daily time frame.
Based on what I'm seeing, I think there is a good chance that it could bounce off of this zone, although if Ethereum continues to lead the market then the support zone can break down.
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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.