Historically, every time Bitcoin Dominance broke into the 58-71% macro range...
It would revisit 71%
This has happened 3/3 times
It's clear therefore that across time...
BTC DOM tries to get as close to 71% as humanly possible before harshly rejecting into a strong downtrend to enable a strong Altseason
Could Bitcoin Dominance Top Before 71%?
But in saying that, it is worth examining the ways in which Bitcoin Dominance could get as close as possible to 71% but still slightly fall short
The Weekly timeframe offers this potential scenario whereby a declining black diagonal resistance is potentially developing
That said, BTC DOM has historically had a tendency to upside wick beyond this trendline by 1.58% to 4.58%
So even with this declining trendline, BTC DOM could still deviate to the upside beyond it to reach at least 67% and potentially up to 69% Bitcoin Dominance
Which is still fairly close to 71%
The Higher Bitcoin Dominance = The Higher The Chance Of A Strong Altseason Occurring
Ultimately, this is what is important to remember:
It is not about trying to nail the absolute Bitcoin Dominance top
It's about understanding the core principle that the closer and closer Bitcoin Dominance gets to 71% in this cycle...
The stronger and stronger the possibility of an extensive collapse in Bitcoin Dominance becomes to finally enable a strong Altseason
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