BTC.D (Bitcoin Dominance)
Hello folks,
So, having a look at Bitcoin Dominance today.
With Ethereum looking super strong against its BTC value I think we may actually find another Alt Season to come.
Maybe we will see a bit of resistance, bouncing off the two support lines on BTC.D (as seen on graph). However, with Eth holding strength over Bitcoin, as well as ADA looking like it has bounced from it's Log graph lows, I think we should find ourselves with another couple of weeks noticing strong moves on ALT coins...
I am hoping here Bitcoin consolidates for the time being around this 55k-65k range. These next couple of weeks will give us a greater indication as to whether the bull run is extending its timeframe till mid 2022 Quarter 1, or whether BTC and thus the Crypto markets will breakdown.
Nothing to confirm just yet however, so I am not selling 'bear' news.
Two points to take away (or really just one main point).
- Major Alts looking stronger against BTC.
- BTC Dominance retesting lows.
Hot day here at Le Clec.
So, having a look at Bitcoin Dominance today.
With Ethereum looking super strong against its BTC value I think we may actually find another Alt Season to come.
Maybe we will see a bit of resistance, bouncing off the two support lines on BTC.D (as seen on graph). However, with Eth holding strength over Bitcoin, as well as ADA looking like it has bounced from it's Log graph lows, I think we should find ourselves with another couple of weeks noticing strong moves on ALT coins...
I am hoping here Bitcoin consolidates for the time being around this 55k-65k range. These next couple of weeks will give us a greater indication as to whether the bull run is extending its timeframe till mid 2022 Quarter 1, or whether BTC and thus the Crypto markets will breakdown.
Nothing to confirm just yet however, so I am not selling 'bear' news.
Two points to take away (or really just one main point).
- Major Alts looking stronger against BTC.
- BTC Dominance retesting lows.
Hot day here at Le Clec.
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