Bitcoin Dominance remains Below the major Resistance Zone‼️
$BTCDOM is currently trading around 59% on the daily Chart, after recovering from 57% area,
It moved higher and briefly crossed above 60% but the rally was rejected before reaching the broader 60%-61% resistance Zone.
Since then the Dominance has pulled back and is now Consolidating around the 59% range.
The 61% area remains the key resistance Zone on the daily timeframe. a sustained move above this region would strengthen the bullish structure in Bitcoin Dominance and could indicate $BTC continuing to gain market share relative to altcoins.
For now,
The next move out of the 57%–61% range should provide a clearer indication of the relative strength between Bitcoin and the altcoin market.
$BTCDOM is currently trading around 59% on the daily Chart, after recovering from 57% area,
It moved higher and briefly crossed above 60% but the rally was rejected before reaching the broader 60%-61% resistance Zone.
Since then the Dominance has pulled back and is now Consolidating around the 59% range.
The 61% area remains the key resistance Zone on the daily timeframe. a sustained move above this region would strengthen the bullish structure in Bitcoin Dominance and could indicate $BTC continuing to gain market share relative to altcoins.
For now,
The next move out of the 57%–61% range should provide a clearer indication of the relative strength between Bitcoin and the altcoin market.
