$BTC DOMINANCE UPDATE
Somebody asked about the possibility of Dominance hitting
60% level, not happening anytime soon in my opinion.
What better tool other than Fibs to find out what's going to happen.
Take out Fibs, find a tractal, extend in time and that's it. The last rejection was precisely off the 1.705 level, considering how dominance is maintaining a negative correlation with Bitcoin price, there is another reason to believe of strong resistance ahead because dominance would soon retest this daily level as support + Fib levels and quarterly VWAP. Everything pointing to $68K - $69K
resistance ahead
#BinanceLaunchpool #bitcoinhalving #BTCDOMİNANS #etf #BTCHalvingApril2024
