🔭 BTC.D ANALYSE 📊📈
◻️ Bitcoin Dominance Analysis:
1. Historical Levels:
• The highest historical dominance level was about 73.98%.
• The lowest historical level was about 36.88%.
2. Current Levels:
• The current dominance is around 54.24%.
• The 200-day moving average is 53.82%.
3. Resistance and Support:
• There is strong resistance at the 58.30% level.
• The current support is at the 49.04% level.
4. Current Trend:
• The current trend is upward, as dominance has risen from lower levels in previous years to current levels.
• Another rise in dominance is expected, as shown in the image with the upward arrow.
5. Technical Indicators:
• The ADP indicator shows at the 52 level, indicating an upward trend.
• Moving averages also show an upward trend.
◻️ Future Projections:
1. Bullish Scenario:
• If Bitcoin dominance can break through the resistance at 58.30%, we might see a rise to higher levels, enhancing dominance.
• In this scenario, we might witness a decline in the performance of other cryptocurrencies (Altcoins) and an increase in Bitcoin’s value.
2. Bearish Scenario:
• If Bitcoin dominance fails to break through the resistance and falls below the support at 49.04%, we might see an Altcoins season, where other cryptocurrencies’ values could rise.
◻️ Conclusion:
• The current trend in Bitcoin dominance is upward, with strong resistance at the 58.30% level.
• If dominance can break through this level, we might see a further increase in Bitcoin’s value and a decline in the performance of other cryptocurrencies.
• If dominance fails to break through the resistance and falls below the support level, we might see an Altcoins season and a rise in their value.
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