Bitcoin dominance is reaching higher highs and higher lows on lower timeframes. Currently, there are no bearish signals, which is contributing to the price suppression of altcoins. For altcoins to gain some momentum, Bitcoin dominance needs to fall below the 60% level.#BTCDOMİNANS #dominancebtc
Bitcoin is dumping because the election results predictions are falling and Trump is no longer a favourite. The chances of Trump winning are 50-50 and markets are reacting to this. We expected the volatility and warned you already. A clear move will come after the election result.#uselections #BTC☀
As you can see, dominance is forming a rising wedge pattern on the daily time frame and is currently showing rejection from the upper trendline. If we get a strong rejection here followed by a breakdown, it could be the spark that kicks off an incredible Altseason.
The key here is patience. Stay strong, hold your altcoin bags, and get ready for the big move! #BTCdominance
Bitcoin (BTC) is looking strong here. It’s forming a cup and handle pattern on the 6-hour time frame and also appears to be breaking out of a symmetrical triangle. Right now, BTC is retesting this breakout level, and if it holds and bounces, we could see a powerful upward movement in the coming weeks. 📈