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♦️ Bitcoin dominance - $BTC.D♦️
The dominance of $BTC has more lives than a cat.
In the last 24 hours the situation is becoming clearer with interesting movements in the daily chart indicators and in the price.
The current analysis suggests that it is going up in the short term and my focus will be on the Fibonacci levels of the decline of the last few weeks
👉 If this is true, where will the market go?
👉 Remember that the dominance of btc increases in two scenarios:
$BTC is very bullish and attracts market liquidity from #criptomonedas rising strongly.
$BTC shows weakness and investors protect themselves in Bitcoin vs. #Altcoins. rising strongly.
$BTC shows weakness and investors protect themselves in Bitcoin vs Altcoins.
⛔ Conclusion: For now, without strong movements and in neutral territory, 54.5% - 55.5% although with a bullish perspective in the short term
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