$BTC .D Contrary to what we were seeing and discussing on the dominance of OTHERS chart, Bitcoin dominance is on track to new local highs.
One way to look at this BTC.D chart is that Bear Flag we have, that tells us that this chart has potential to visit lows of $55.50%, but that is too early to call.
For now, the chart is still ranging even after 350 days of range in this 58-60% small rang. and we barely made to the top of the range in a slow pace and that took 2 weeks.
The red circle is drawn at a confluence of this range high with the channel high, that will show us whether the bear flag is valid or not.
One way to look at this BTC.D chart is that Bear Flag we have, that tells us that this chart has potential to visit lows of $55.50%, but that is too early to call.
For now, the chart is still ranging even after 350 days of range in this 58-60% small rang. and we barely made to the top of the range in a slow pace and that took 2 weeks.
The red circle is drawn at a confluence of this range high with the channel high, that will show us whether the bear flag is valid or not.